Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs

news

Updated:
  • Axis Real Estate Investment Trust reported an 8.3% rise in net income to RM49.87 million for 1Q2023.
  • Revenue increased by 0.5% to RM90.56 million, while net property income reached RM77.22 million.
  • The fund declared a first interim income distribution of 2.50 sen per unit, payable on May 29.
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DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

news

Updated:
  • DPS Resources Bhd's subsidiary signed an MoU with Alibaba's affiliate for a US$1.1 bil data centre in Melaka.
  • The project will transform a 253-acre landbank, initially for mixed development, into a data centre hub.
  • This collaboration aims to enhance the land's value and generate long-term income.
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IGB REITs report higher 1Q earnings as mall assets outshine offices; both declare distributions

IGB REITs report higher 1Q earnings as mall assets outshine offices; both declare distributions

news

Updated:
  • IGB REIT reported a 52.4% revenue increase to RM261.3 million, driven by a new mall acquisition.
  • IGB Commercial REIT saw a 10.5% revenue rise to RM68.9 mil, benefiting from higher occupancy rates.
  • Both declared distributions, with IGB REIT at 4 sen per unit and IGB Commercial REIT at 1.33 sen per unit.
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Bina Puri extends financial year to 23 months amid restructuring

Bina Puri extends financial year to 23 months amid restructuring

news

Updated:
  • Bina Puri Holdings Bhd is extending its financial year to a 23-month period ending May 31.
  • The firm reported a net loss of RM56.77 million for the 18 months ending December 2025.
  • Despite challenges, it secured new contracts worth RM198.95 million in Sarawak.
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Polygon Properties marks 9th anniversary with awards night, Playbook launch

Polygon Properties marks 9th anniversary with awards night, Playbook launch

news

Updated:
  • Polygon Properties celebrated its ninth anniversary with a Globe Gala Night, hosting 500 guests.
  • The event recognised top performers with 186 awards and launched the "Polygon Playbooks" for new joiners.
  • The agency aims to empower members and provide comprehensive real estate solutions for sustainable growth.
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UOA REIT unitholders vote down RM200m acquisition of three commercial properties

UOA REIT unitholders vote down RM200m acquisition of three commercial properties

news

Updated:
  • UOA Real Estate Investment Trust's acquisition of three properties for RM200 mil was rejected by unitholders.
  • The sale and purchase agreements are now null and void, with no claims between the parties.
  • A separate income distribution plan was approved, marking a setback for UOA REIT's growth strategy.
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KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

KHPT Holdings to lease 118,506 sq ft Puchong factory for 10 years in RM14.6m deal

news

Updated:
  • KHPT Holdings Bhd's subsidiary, NCMI, signed a 10-year lease for a factory in Puchong at RM1.3 mil annually.
  • The complex includes multiple factory buildings and office spaces on a 193,547 sq ft site.
  • The lease, a related party transaction, requires shareholder approval at an EGM on June 25, 2026.
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Kuala Lumpur residential market hits five-year high in 4Q — JLL

Kuala Lumpur residential market hits five-year high in 4Q — JLL

news

Updated:
  • Kuala Lumpur's residential market saw strong growth in 2025, with Q4 transactions hitting a record high.
  • Selangor experienced a slight contraction, national transaction volume dipped by 1.5% but value rose by 1.3%.
  • JLL highlighted risks like rising energy costs and geopolitical tensions, but noted Malaysia's resilience.
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Axis-REIT 1Q net income rises 8.3% to RM49.9m on larger portfolio, lower financing costs