Listed in 2005, YTL Hospitality REIT owns a portfolio of prime hotel properties valued at RM4.7 billion. The hospitality assets range from business to luxury hotels which are spread across a range of locations worldwide.
In Malaysia, these include the JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur, and The Ritz-Carlton, Kuala Lumpur (Hotel and Suite wings). YTL Hospitality REIT’s international portfolio include Hilton Niseko Village and The Green Leaf Niseko Village in Japan, and the Sydney Harbour, Brisbane and Melbourne Marriott hotels in Australia.
Most REITs have been performing well this year due to cuts in the overnight policy rate (OPR) by the Malaysian central bank, so I attended the AGM to find out more about the REIT.
Here are 10 things I learned from the 2019 YTL REIT AGM:
1. Total revenue declined 2.0% y-o-y to RM490.9 million in the financial year ended 30 June
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