Press Release

Hat Trick Recognition For Sunway REIT’s High Standard in Corporate Reporting and Corporate Governance

Hat Trick Recognition For Sunway REIT’s High Standard in Corporate Reporting and Corporate Governance
Sunway City Kuala Lumpur,13 January 2019
  • The Asset Best CEO Award 2018 for property sector
  • The Asset Gold Award 2018 for Governance and Investor Relations
  • NACRA Award 2018 – Gold Award for Best Integrated Reporting

Sunway City, 2019 01 13 – Sunway REIT clinched three awards at the recent The Asset Corporate Award 2018 and National Annual Corporate Report Awards (NACRA) 2018. The recognition epitomizes excellence in corporate reporting and best practices of corporate governance and investor relations.

Sunway REIT was bestowed a Gold Award for Best Integrated Reporting at the NACRA Award 2018 for its maiden integrated report for the financial year ended June 2017. NACRA is a collaborative effort of Bursa Malaysia Berhad, Malaysian Institute of Accountants (MIA) and The Malaysian Institute of Certified Public Accountants (MICPA). The objectives of NACRA are to promote greater and more effective communication by organisations through the publication of timely, informative, factual, reader-friendly annual reports and promote higher standards of corporate governance.

In an internationally recognized award, Dato’ Jeffrey Ng, CEO of Sunway REIT Management Sdn. Bhd. was awarded The Asset Best CEO – Property in the recent The Asset Corporate Awards 2018 in Hong Kong. The award acknowledged the leadership qualities of chief executive officers and rewards a range of skills and attributes including inspirational leadership, strategic thinking, team-and relationship-building, effective communication and change management.

The Asset Corporate Awards are the longest running ESG awards in Asia bestowed annually by leading research house, Asset Benchmark Research (ABR). The awards offer a rigorous benchmarking service for the region’s listed companies. Financial metrics aside, the companies are evaluated on the companies’ best practices on governance, social responsibility, environmental responsibility and investor relations. 

About Sunway Real Estate Investment Trust

Sunway Real Estate Investment Trust (Sunway REIT or Trust) is one of the largest diversified real estate investment trusts (REITs) in Malaysia with a diverse portfolio strategically located across award-winning integrated townships in key locations in Greater Kuala Lumpur, Penang, and Perak.

Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 8 July 2010. The market capitalisation of Sunway REIT stood at RM5.1 billion as at 31 December 2018. 

Sunway REIT is a component of FTSE Bursa Malaysia Mid 70 Index, FTSE4 Good Bursa Malaysia Index, Bursa Malaysia REIT Index, GPR APREA Composite REIT Index – Malaysia, FTSE EPRA / NAREIT Global REIT Index, FTSE EPRA / NAREIT Global Index, FTSE EPRA / NAREIT Asia ex Japan Index, FTSE EPRA / NAREIT Asia Pacific Index, FTSE EPRA / NAREIT Emerging REIT Index and MSCI Malaysia Small Cap Index. Sunway REIT owns a portfolio of 16 assets comprising 4 retail malls, 6 hotels, 4 offices, a medical centre and an industrial property with a combined property value that stood at RM7.30 billion as at 30 September 2018. 

Sunway REIT’s assets are primarily located in Sunway City where its flagship asset, Sunway Pyramid Shopping Mall, is located. Other assets located in Sunway City include Sunway Resort, Sunway Pyramid Hotel, Sunway Clio Property (comprising Sunway Clio Hotel and Sunway Clio Retail), Menara Sunway and Sunway Medical Centre. On the northern Peninsular of Malaysia, Sunway REIT owns SunCity Ipoh Hypermarket in Perak. In Penang, Sunway REIT owns Sunway Hotel Seberang Jaya, Sunway Hotel Georgetown and Sunway Carnival Shopping Mall. Sunway REIT owns two properties in Shah Alam, namely, Wisma Sunway and Sunway REIT Industrial – Shah Alam 1.

Sunway REIT owns four properties in in Kuala Lumpur, namely Sunway Tower and the remaining three assets which constitute part of the 3-in-1 integrated development, Sunway Putra. Sunway Putra consists of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower. 

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