KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) posted a net income of RM80.52 million for 13 months ended Dec 31, 2007 while revenue stood at RM78.45 million, comprising gross rental income of RM78.3 million, interest income of RM121,858 and other income of RM1,500. It said the actual revenue for the 13 months exceeded the forecast by 4.7% while actual expenses were capped within the forecast. The total income distribution stood at 10.71 sen per unit totalling RM34.27 million for the 13 months, surpassing its published forecast by 11%. Earnings per share stood at 25.16 sen. Hektar REIT was launched in Dec 1, 2006.
(5-2-2008 The Edge)
