The upcoming listing of Malaysia’s first real estate Malaysia investment trust (REIT), Atrium REIT, has found favour with analysts, given a number of positive factors such as high dividend yield, stable returns and full occupancy.  
A local research house said in a note that the REIT’s dividend yield of 7.2% for the financial year ending Dec 31 was higher than the industry average of 6.96%, bearing in mind that this is currently the only REIT in Malaysia based on industrial real estate.  
Atrium REIT properties are currently fully occupied by multinational companies. The properties under the REIT are Atrium Shah Alam, Atrium Shah Alam 2 and Atrium Rawang. All are on freehold land. 
The REIT has also secured longer tenancy agreements averaging more than five years, compared with the three-year industry average. 
The research house expects the REIT to give investors secure and stable return, given its exposure to the logistics industry.  
Last Wednesday, the REIT’s holding company, Glory Blitz Industries Sdn Bhd, announced that the REIT had completed a new logistics warehouse in Beijing for DHL for RM42mil.  
It plans to acquire more properties in the future.  
According to Atrium REIT Managers CEO Wong Sui Ee, the fact that Malaysia was a preferred choice for a hub for many international logistics firms meant that there could be more opportunities for the REIT to grow.  
In conjunction with its listing, Atrium REIT made an offer of 75.5 million units, comprising 13.5 million units for application by the Malaysian public at RM1.05 each, two million units for eligible directors, employees and business associates, and 60 million units to institutional and selected investors at an institutional price of RM1.03 per unit.