Tower REIT Earnings up 36% in Q1 (The Star) October 14, 2021 – Tower Real Estate Investment Trust (Tower REIT) posted a 36% jump in net profit to RM2.13mil for the first quarter ended Sept 30, 2021 compared with RM1.56mil a year earlier. Revenue for the three-month period ended Sept 30 surged about 26% to …
Mall, Office REITs Look Attractive As Recovery Play In Malaysia (The Star) October 11, 2021 – The resumption of economic activity amid the easing up of lockdown restrictions has seen equity analysts maintaining their upbeat outlook on Malaysian real estate investment trusts (REITs), particularly in the retail and office segments. Kenanga Research believes the fourth …
Mall, Office REITs Look Attractive As Recovery Play In Malaysia (The Star) Read More »
IGB Commercial REIT Units Slip Below IPO Price In Stock Exchange Debut (The Edge Markets) September 20, 2021 – IGB Commercial Real Estate Investment Trust’s (IGBCR) stock exchange debut saw its unit price slipping below the institutional portion of its initial public offering (IPO) price during the morning trading session today. The price of the …
YTL Hospitality REIT in Acquisition Mode As Yield-Accretive Assets Emerge — AmInvestment Bank (The Edge Markets) September 3, 2021 – YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive …
KLCCP Stapled Group Declares HIgher Revenue in Q2 2021 August 18, 2021 – KLCCP Stapled Group annuonced its final reuslts, showing momentum for the second quarter ended June 30, 2021. The Group recorded a revenue of RM280.2 million (US66.15 million), up 4.8% while profit before tax (PBT) increased 5% compared to second quarter of 2020. …
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CapitaLand Malaysia Mall REIT Reports 14.9% Decline in H1 2021 DPU July 23, 2021 – CapitaLand Malaysia Mall REIT announced that its distribution per unit (DPU) hit 1.01 sen in the first half of the year, declining by 14.9% from the 0.89 sen seen in the same period of last year. Mr Lui Chong Chee, …
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Savills Expands Southeast Asia Supply Chain and Logistics Advisory Capabilities With New Malaysia Acquisition July 21, 2021 – Savills has acquired a strategic interest in the Malaysian supply chain consulting business LCA. This supports Savills plans to expand its Industrial and logistics business and strengthen its supply chain platform by investing in key ASEAN markets …
Malaysia’s BCorp Plans To Set Up Hospitality REIT (The Sun Daily) July 16, 2021 – Berjaya Corporation Bhd (BCorp) is eyeing to establish a hospitality real estate investment trust (REIT) in the long run, which focuses only on five-star hotels owned by the group instead of those it operates, said group chief executive officer (CEO) …
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Sunway REIT Unit Picks OCBC To Coordinate RM10 Billion (US$2.4 Billion) Debt Note (The Star) June 24, 2021 – Sunway REIT unit has mandated OCBC Bank (Malaysia) Bhd to coordinate its RM10bil debt note programme. SunREIT Unrated Bond Bhd (SUB), which is a special purpose vehicle incorporated for the fundraising on behalf of Sunway REIT, …
Hektar REIT Posts RM 26.78 Million (US$6.46 Million) in Revenue in Q1 2021 May 26, 2021 – Malaysia’s Hektar Real Estate Investment Trust announced that it has recorded revenue of RM26.78 million (US$6.46 million), which is 12.8% lower than the RM30.71 million (US$7.41 million) recorded in the same quarter of the preceding year. The reported revenue fell …
Hektar REIT Posts RM 26.78 Million (US$6.46 Million) in Revenue in Q1 2021 Read More »
