KUALA LUMPUR, Feb 25, 2022 - (ACN Newswire) - Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT"), today announced Hektar REIT's annual results for the financial year ended 31 December 2021 ("FY2021") with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year. Property Operating Expenses reduced by RM8.59 million or savings of 14.8% compared to the previous year. Net Property Income (NPI) was reported at RM47.02 million, a decline of 11.2% compared with 2020. FY21 was a challenging year for the retail sector due to the COVID-19 pandemic and implementation of various Movement Control Orders, National Recovery Plan, mobility restrictions & closure of non-essential businesses for an extended period. Despite these challenges to the malls, the REIT managed to attract new & secured existing tenants covering 39.2% of Hektar REIT's Net Lettable Area ("NLA") in FY21.
For the fourth quarter ended 31 December 2021 ("4Q 2021"), Hektar REIT recorded revenue of RM24.98 million, which is 16.2% lower compared to the same quarter of the preceding year. Property Operating Expenses reduced by RM4.86 million or savings of 27.9% compared to the same quarter in the previous year. Hektar REIT registered net property income of RM12.38 million for the quarter under review, which is a slight increase of 0.2% compared to the corresponding quarter of the previous year, while realised income for 4Q 2021 was 185.5% higher at RM3.21 million compared to the RM1.12 million recorded in 4Q 2020.

The Manager noted that there are signs of recovery supported by the gradual reopening of the economy and it can also be seen in the steady rise in visitor footfall since the relaxation of restrictions by the Government. While Hektar REIT is cognisant of the economy's improved growth trajectory supported by a recovering labour market, continued policy support and expansion in external demand, as well as the possible opening of international borders as early as the second quarter, the REIT is nevertheless retaining its cautious outlook in the face of the current wave of infections stemming from the Omicron strain.

Income Distribution

As earlier announced, Hektar REIT declared an income distribution of RM11.9 million for 4Q 2021, equivalent to 2.53 sen per unit or a DPU yield of 4.96%, which is 181% higher compared to the income distribution for the corresponding period in 2020. The COVID-19 pandemic has impacted the retail industry significantly and the REIT has also not been spared. However, we remain committed to steering our portfolio into recovery this year, barring any unforeseen circumstances despite future Variants of Concern ("VOC") that might disrupt the overall recovery of the retail & economic sector.

Private Placement

During the quarter under review, Hektar REIT's fund size increased to 471,260,178 units from 461,960,178 units arising from the private placement exercise announced on 15 November 2021. A total of 9.30 million units out of the total proposed private placement of 23.098 million units were subsequently placed out in two tranches in December 2021, raising RM4.23 million. The private placement was undertaken to raise funding for working capital and capital work in progress, facilitating Hektar REIT's day-to-day operations as a whole by providing more flexibility in terms of cash flow management.

Sustainability Efforts

Hektar REIT remains committed to fulfill its obligation to ensure that all business activities are performed to high standards of Environmental, Social and Governance (ESG). Various energy utilisation and optimisation initiatives since 2017 have been put in place for all of its shopping malls, resulting in a significant reduction in greenhouse gas emissions (recorded as CO2e) and energy usage over the last five years. Despite the pandemic, reducing the environmental footprint of our assets and operations remain a priority. We managed to reduce the overall amount of CO2e emissions of our assets by about 11.6% to 18.8 million kgCO2e in 2021 from almost 21.3 million kgCO2e in 2020. Emissions intensity of our assets expressed as the amount of CO2e emitted per gross floor area (kgCO2e/sq.ft.) also improved to 4.0 kgCO2e/sq.ft. from 4.50 kgCO2e/sq.ft. in 2020. Overall, the portfolio's Building Energy Intensity ("BEI") is also on a declining trend. Hektar REIT is a constituent member of the FTSE4Good Bursa Malaysia Index and in its latest December 2021 evaluation, its ESG conduct has been recognised with a 3-star ESG rating by FTSE Russell.

For further information, please log on to www.bursamalaysia.com.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comHektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust ("Hektar REIT"), today announced Hektar REIT's annual results for the financial year ended 31 December 2021 ("FY2021") with revenue at RM96.60 million in FY2021, down by 13.1% compared to the same period in the preceding year.

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The process was successfully handled by SolidProof, which operates as a blockchain security firm. 

Boosting Investors' Confidence

Sincere Doge conducted the first stage of running a KYC verification process on January 25, 2022. SolidProof then proceeded with another version of KYC verification on February 1, 2022. Through both processes, the project hopes to curb security concerns, a growing menace in the crypto world.

The process also provided developers with various recommendations to improve the code's operations. Smart contracts usually apply complex codes that only individuals with technological experiences can handle. 

By continuously performing tests on the code, the security experts and project developers identify errors that may compromise investors. Furthermore, the process makes it easier for regular users who don't have technical skills to carry out an audit.

On the other hand, SolidProof's KYC solution will safeguard Sincere Doge from financial crimes such as fraud and money laundering. The solution accomplishes these goals by examining money laundering threats or verifying an investor's identity.

SincereDoge Presale is Coming Soon

SincereDoge will host a presale event in February 2022 and attain a hard cap of 300BNB. The platform's native asset ($Sdoge) is already live on CoinMarketCap and CoinGecko. Listing prices go for 183T Sdoge tokens, equivalent to 1 BNB. Investors can acquire more than 203T Sdoge from the presale price rate using 1BNB. 

Investors are limited to spending a minimum of 0.8BNB during the fundraiser. Sincere Doge targets to allocate 60% of its tokens to the presale and dedicate the remaining 40% into liquidity. 

Transaction charges are also applicable on every buy/sell trade. Thus, investors attract an 8% transaction fee whereby 3% of the charges go to NFT development initiatives. The remaining 3% and 2% will cover marketing activities and rewarding $Sdoge holders. 

Future Developments

In Q4 2021, the project managed to accomplish various goals during its inception. Among the activities that Sincere Doge concluded include social media marketing and its white paper/website launch. 

Moving forward, the project targets to obtain more than 100,000 holders within 2022. It may further feature other crypto trading platforms such as PancakeSwap, Coinsbit, and Coinbase. An additional exchange known as the SincereDogeSwap is also set to launch in the future. 

To engage the community, Sdoge hopes to form charity teams and participate in several donation events. Such charity initiatives help rescue dogs in need and create a stronger bond with the public. The donations will then fund the construction of an animal sanctuary.

About Sincere Doge

 Sincere Doge is an innovative ecosystem that intends to launch a meme coin with advanced transaction speeds. Investors gain holder rewards from every transaction that takes place in the project. More importantly, Sincere Doge guarantees security and transparency to its investors using SolidProof's security measures. 

You can read more about Sincere Doge and follow up on new developments from their pages:

Website: https://www.sinceredoge.com/

Twitter: https://twitter.com/sincere_doge

Telegram: https://t.me/SincereDoge_Global

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Cario CC is a weekly Car lottery running on Blockchain. Prizewinners always get to choose between either cash or brand new cars. First Prize with the private sale is a brand new Tesla or Mercedes. Also, a Private sale will grant all participants extra 10% bonus tokens. All unsold private sale tokens will be burned. 

Also, owning Cario tokens will grant holders free entry to Cario CC lotteries.

Every week there are guaranteed winners in the Dream Car Competition, and in the coming future, Midweek Car and Lifestyle Competitions will be added. There is a specific minimum amount of tokens participants have to hold to participate in every lottery. In addition, token holders can spend their tokens to purchase more entries to the lotteries, which will generate funds for the Cario CC project.

There are also membership tiers. They are:

• Bronze member: 25 000 CARIO will get you ranked as Bronze Member. This tier also makes you eligible for weekly Airdrop of 1,000 CARIO.

• Silver Member: 50 000 CARIO will get you ranked as Silver Member. Also, this tier makes you eligible for weekly Airdrop of 2,500 CARIO.

• Gold Member: 75 000 CARIO will get you here. This tier makes you eligible for weekly Airdrop of 5,000 CARIO.

• Diamond Member: Finally, 99 000 CARIO will get you ranked as Diamond Member. This tier makes you eligible for weekly Airdrop of 10,000 CARIO.

Tokenomics:

Token Symbol - $CARIO; 

750M - Total Supply;

40% - Future Sale;

20% - Public Sale;

10% - Private Sale;

15% - Prize Pool;

10% - Marketing Events;

4% - Core Team;

1% - App Development;

There are no tax fees on transactions within the project;

Deflationary Design;

Audit by TechRate, Audit by Hacken, Certik and Slowmist will be soon.

Token supply will start decreasing gradually until 300M tokens are left in supply which increasing the price

After the private sale, the Cario CC team will start developing Guessio game APP, in which the prize winner will be determined by who has the most accurate guess.  

Find more details from Cario CC on the following links:

Website: https://www.cario.cc/

Subreddit : https://www.reddit.com/r/CarioCC/

Telegram : https://t.me/cariocc

Medium: cariocc.medium.com

Twitter: https://twitter.com/cario_cc

Facebook : https://www.facebook.com/CarioCC-111012448143982/?ref=page_internal

Email: [email protected]