Nov 10, 2023 – Mapletree Logistics Trust has agreed to divest 10 Tuas Avenue 13 in Singapore at S$11.11 million. Separately, it is selling Flexhub and Padi in Malaysia at a total sale price of MYR151.2 million, or approximately S$43.8 million. Completed in 2008, the Singapore property is a six-storey cargo lift warehouse with a gross …
Mapletree Logistics Trust Divests Singapore and Malaysian Assets Read More »
October 25, 2023 – CapitaLand Malaysia Trust (CLMT) posted a 52.6% year-on-year increase in net property income (NPI) of RM58.3 million for the quarter ended September 30, 2023 (Q3). Supported by income contributions from Queensbay Mall and higher revenue contributions from its retail properties. Gross revenue saw an uplift of 46% year-on-year to RM103.6 million (S$19.4 million).
Oct 1, 2023 – Frasers Centrepoint Trust (FCT) plans to divest 143,898,398 units in Hektar Real Estate Investment Trust. FCT held 154,458,326 Hektar REIT Units, representing approximately 30.97% of the total number of 498,787,970 Hektar REIT units in issue, FCT’s manager said in a statement. Following the completion of the divestment, FCT would hold 10,559,928 Hektar …
Frasers Centrepoint Trust Sells Hektar REIT Stake For MYR128.1 Million (S$37.4 Million) Read More »
July 29, 2023 – The manager of CapitaLand Malaysia Trust (CLMT) said net property income for the quarter ended June 30, 2023, climbed 51.8% to RM56.8 million (S$16.6 million) supported by the first full quarter contribution from recently acquired Queensbay Mall and higher rental income from other retail properties. Distributable income rose 32.7% year-on-year to RM28.6 …
CapitaLand Malaysia REIT’s Second-Quarter Net Income Rises 51.8%, DPU Up 6% Read More »
CLMT’s Quarterly DPU Falls 8.4% on Higher Utility and Interest Costs April 27, 2023 – The manager of CapitaLand Malaysia Trust (CLMT) announced a net property income of RM39.2 million (US$8.8 million) for the quarter ended March 31, 2023 (Q1 2023), up 8.8% from the same period a year ago. The increase was largely driven …
CLMT’s Quarterly DPU Falls 8.4% on Higher Utility and Interest Costs Read More »
CapitaLand Malaysia Trust Distributable Income Up 124% for FY 2022 Jan 23. 2023 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced a distributable income of RM87.5 million for the year ended Dec 31, 2022 (FY 2022), up 124.1% from the RM39.0 million for FY 2021. Distribution per …
CapitaLand Malaysia Trust Distributable Income Up 124% for FY 2022 Read More »
Mapletree Logistics Trust Divests Two Properties In Malaysia Singapore, Jan 15, 2023 – The manager of Mapletree Logistics Trust (MLT) it has agreed with Sigma Warehousing Sdn Bhd for the proposed divestments of Subang 1 and Chee Wah in Malaysia for a total sale price of MYR50.2 million (approximately S$15.3 million1). Read more here.
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 …
CLMT To Acquire Queensbay Mall In Malaysia Penang For RM990.50 Million (US$210 Million) Read More »