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Malaysia

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 …

Tower REIT Earnings up 36% in Q1 (The Star) Read More »

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 …

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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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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 …

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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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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 »