Hektar REIT is Malaysia’s first retail REIT. Its portfolio currently consists of five well-established neighbourhood and regional shopping centres situated around Malaysia in Subang Jaya, Melaka, Muar, Sungai Petani, and Kulim with a combined value of RM1.09 billion. Hektar REIT’s cornerstone investor is Frasers Centrepoint Trust, part of the Fraser & Neave Group, headquartered in Singapore. The REIT is managed by Hektar Asset Management Sdn Bhd, and was formed with a vision to develop world-class shopping centres for Malaysian consumers based on international best practices. 2016 was a significant year for Hektar REIT as it marked the tenth anniversary of its listing on Bursa Malaysia. It has been a decade of growth and stability for Hektar and unitholders have been rewarded with an average 10-year dividend yield of 8.0% since IPO. However, newly-appointed chairman Michael Lim in his statement mentioned that “2016 was proven to be Hektar REIT’s ......