CLMT To Acquire Queensbay Mall In Penang For RM990.50 Million (US$210 Million) Nov 9, 2022 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced the acquisition of 91.8% of the total strata floor area of retail parcels in Queensbay Mall from its sponsor for RM990.50 million. The acquisition will be …
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Sunway REIT Likely To See Strong Earnings (The Star) July 20, 2022 – (from The Star) Sunway Real Estate Investment Trust (Sunway-REIT) is expected to stage a strong recovery in earnings on the back of higher shopper footfall and tenant sales. Following a virtual meeting with the company, MIDF Research said it gathered that shopper footfall …
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AME REIT Inks 34 SPAs To Acquire Properties From Various AME’s Units (The Star) July 20, 2022 – (from The Star) AME Elite Consortium Bhd said AME Real Estate Investment Trust (REIT) has entered into 34 sale and purchase agreements (SPAs) to acquire various properties from the industrial space solutions provider’s subsidiaries to pave the way …
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Atrium REIT To Raise RM85.3 Million (US$19.2 Million) To Fund Atrium Shah Alam 4 Asset Enhancement (New Straits Times) July 14, 2022 – (from New Straits Times) Atrium Real Estate Investment Trust (REIT) has proposed to raise RM85.3 million via a private placement and a special issuance of units to fund asset enhancement initiatives (AEI) …
KIP REIT Announces Maiden RM79 Million (US$17.8 Million) Industrial Asset Deal (The Star) July 13, 2022 – (The Star) KIP Real Estate Investment Trust (KIP REIT) will buy three industrial properties in Pulau Indah Industrial Park, Port Klang, Selangor, for RM78.7mil, in its maiden acquisition of industrial assets. KIP REIT said in a statement the …
Tower-REIT To Offer Customisable Layouts (The Star) July 13, 2022 – (The Star) Tower Real Estate Investment Trust (Tower-REIT) is offering customisable office layouts for prospective tenants at Menara HLX in Jalan Kia Peng, Kuala Lumpur. In a statement yesterday, Tower-REIT, which owns the building, said it will be offering the highly customisable office layouts …
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Malaysian REITs A Good Defensive Play, RHB Research Says (The Star) June 30, 2022 – Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector as a defensive play due to its “guaranteed” rental income. However, RHB Research maintained its “neutral” rating on the sector, …
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KLCCP Stapled Group’s Q1 Revenue Rises On Strong Rebound Of Business Activities KLCCP Stapled Group reported a 13.9% increase in revenue to RM321.7 million (US$73.24 million)with Profit Before Tax (PBT) increasing 15.3% to RM202.5 million (US$46.10 million)against quarter one, last year, for the first quarter ended March 2022, reflecting a strong rebound in business activities. …
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Axis REIT Earnings Growth To Be Fuelled By Industrial Assets, Says MIDF Research (New Straits Times) April 21, 2022 – Axis Real Estate Investment Trust’s (Axis Reit) earnings outlook is expected to remain positive, said MIDF Research. This will be supported by steady growth for industrial assets on the back of solid demand for industrial …
Investment Prospects Of Malaysian REITs To Scale Up With Best Practices (New Straits Times) April 6, 2022 – Bursa Malaysia saw its first real-estate investment trust (REIT) in 2004, while the first REIT was listed on the Singapore Exchange (SGX) in July 2002. Today, SGX has 44 REITs with a total market capitalisation of S$115 …