AME Elite To Establish And List AME REIT On Bursa Malaysia (New Straits Times) December 2, 2020 – AME Elite Consortium Bhd has proposed to establish and list an industrial real estate investment trust (AME REIT) on the Main Market of Bursa Malaysia Securities Bhd. The leading integrated industrial space solutions provider said the investment …
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Petronas To Extend KLCC REIT Lease By 15 Years November 20, 2020 – KLCC REIT Management Sdn announced that Petroliam Nasional Berhad (Petronas) decided to extend the leases of Menara 3 Petronas and Petronas Twin Towers of KLCC REIT for a further term of fifteen (15) years upon the expiry of the current term of …
MRCB-Quill REIT Q3 Distribution Per Unit Up 21.8% November 12, 2020 – MRCB-Quill REIT announced that its net income grew 21.8% to of RM21.48 million (US$55.2 million) for the third quarter of 2020. This corresponds to a 21.8 increase in its realised earnings per unit (EPU) and distributable income per unit of 2 sen (0.48 …
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KLCCP Stapled Group’s Q3 Revenue Down By 11.6% November 11, 2020 – KLCCP Stapled Group’s revenue in July to September declined by 11.6% compared to the same three-month period in 2019, as the pandemic continues to hit operations and profitability. The ongoing pandemic and the various phases of lockdown which came into effec from March …
Malaysia’s KIP REIT To Add Industrial And Commercial Properties To Its Assets Portfolio (New Straits Times) October 21, 2020 – KIP Real Estate Investment Trust (KIP REIT), a pure retail player, will diversify its assets portfolio to include real estate used for industrial and commercial purposes. Unitholders had, during KIP REIT’s shareholders’ meeting held on …
Mall Closures To Put A Dent On REIT Earnings (The Malaysian Reserve) October 13, 2020 – THE spread of Covid-19 infections and enforcement of controlled movement are set to impact shopping malls and likely dent earnings for real estate investment trusts (REITs) for the current quarter, analysts said. Hong Leong Investment Bank Bhd (HLIB) research …
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UOA REIT To Buy Corporate Tower for RM700 M (US$168.23 M) September 29, 2020 – The trustee of UOA Real Estate Investment Trust has entered into a conditional sale and purchase agreement with UOA Development Bhd’s unit Distinctive Acres Sdn Bhd for the proposed acquisition of UOA Corporate Tower for RM700 million (US$168.23 million) cash. To …
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CapitaLand Malaysia Mall Trust Posts Net Property Income Of RM39.4 M (US$9.03 M) For 1Q 2020 May 25, 2020- CapitaLand Malaysia Mall REIT Management Sdn. Bhd., the manager of CapitaLand Malaysia Mall Trust (CMMT), announced today a net property income (NPI) of RM39.4 million for the quarter 1 January to 31 March 2020 (1Q 2020), …
KLCCP Stapled Group Reports First Quarter 2020 Revenue Of RM 354.6 Million (US$82.25 Million) May 6, 2020 — KLCCP Stapled Group reported a stable top-line performance for the first quarter ended 31 March 2020 with revenue of RM 354.6 million as compared to RM 353.4 million in the first quarter 2019. The marginal increase in …
