KUALA LUMPUR (June 17): YTL Hospitality Real Estate Investment Trust (YTL Hospitality REIT) has realised a surplus of RM200,066 after a revaluation of its assets, bringing its unaudited net asset value per share to RM1.3171, from RM1.661 as at May 31, 2015.

In its filing with Bursa Malaysia today, YTL Hospitality REIT (fundamental: 0.15; valuation: 3.0) said it had undertaken the revaluation of its entire portfolio of assets, including its hotels in Japan and Australia, besides its assets in Malaysia.

“The properties were revalued pursuant to the policy of revaluing the properties at least once during each financial year.

“The revaluations are not subject to the approval of Securities Commission Malaysia (SC) but the valuation reports on the properties will be deposited with the SC in accordance with the guidelines on real estate investment trusts,” said the REIT.

For its hotels in Malaysia, Vistana Kuala Lumpur Titiwangsa saw the biggest surplus of RM9 million, followed by JW Marriot Hotel Kuala Lumpur (RM6 million), Vistana Penang Bukit Jambul (RM5 million), Vistana Kuantan City Centre (RM4 million), Pangkor Laut Resort (RM4 million), The Ritz-Carlton Kuala Lumpur (RM3 million) and The Residences at The Ritz-Carlton Kuala Lumpur (RM4 million).

Meanwhile, for its Australian assets, Sydney Harbour Marriott saw a surplus of RM125.14 million, Melbourne marriot registered a surplus of RM27.96 million, while Brisbane Marriot posted a surplus of RM27.96 million.

Its Hilton Niseko Village in Japan registered a surplus of RM8.21 million.

YTL Hospitality REIT climbed 1 sen or 0.98% to close at RM1.03 today, with a market capitalisation of RM1.35 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)