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Axis REIT's 2Q earnings ease on lower occupancy, declares 2.3 sen distribution

Axis REIT's 2Q earnings ease on lower occupancy, declares 2.3 sen distribution

news

Updated:
  • Axis REIT reported slightly lower 2Q earnings due to reduced occupancy and higher expenses.
  • Net profit fell 1.4% to RM46.3 mil, with revenue down 1.6%.
  • A 2.30 sen per unit distribution was declared for the quarter.
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Axis REIT expands industrial pipeline with RM113 mil Kedah acquisition as growth strategy gathers pace

Axis REIT expands industrial pipeline with RM113 mil Kedah acquisition as growth strategy gathers pace

news

Updated:
  • Axis REIT is acquiring a RM113 mil industrial complex in Kedah.
  • This expands their portfolio in Malaysia's manufacturing and logistics sectors.
  • The acquisition includes a six-year leaseback arrangement with the vendor.
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YTL Hospitality REIT FY2026 net profit jumps 62%, declares 8 sen distribution

YTL Hospitality REIT FY2026 net profit jumps 62%, declares 8 sen distribution

news

Updated:
  • YTL Hospitality REIT's net profit surged 62.1% in FY2026 due to higher NPI and fair value gains.
  • Revenue increased 4% to RM570.35 mill, with NPI up 7.5%.
  • The REIT declared a total income distribution of 8 sen per unit for the year.
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EcoFirst 4Q profit slides as KL48 project nears completion

EcoFirst 4Q profit slides as KL48 project nears completion

news

Updated:
  • EcoFirst's 4Q net profit dropped 96.6% to RM485,000 due to lower KL48 project revenue.
  • Full-year net profit fell 35.1% to RM16.16 mil, with revenue down 31.5%.
  • Property investment revenue rose, and EcoFirst plans new launches and landbank expansion.
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PM officiates Maybank’s new headquarters at Menara Merdeka Maybank, the world’s second-tallest building

PM officiates Maybank’s new headquarters at Menara Merdeka Maybank, the world’s second-tallest building

news

Updated:
  • Maybank launched its new headquarters, Menara Merdeka Maybank, in the world's second-tallest building.
  • The bank occupies 33 floors, housing 7,000 employees and several subsidiaries.
  • PM Datuk Seri Anwar Ibrahim officiated, emphasising integrity and governance for financial institutions.
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Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

Archidex 2026 officially launches, expects 40,000 visitors and RM1.4 bil in transactions

news

Updated:
  • Archidex 2026 expects 40,000 attendees and RM1.4 bil in transactions.
  • The event features 860 exhibitors from 15 countries.
  • It promotes architectural advancement and innovation.
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Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

Econpile bags RM39.52 mil subcontract for Jalan Awan Besar commercial development

news

Updated:
  • Econpile's subsidiary secured a RM39.52 mil subcontract.
  • It involves earthworks, piling, and substructure for a commercial project.
  • The project is scheduled for completion within 15 months from July 29, 2026.
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IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

IOI Properties to bring Puchong's first international five-star hotel to RM12 bil IOI Rio City

news

Updated:
  • IOI Properties will open The Westin Puchong, a five-star hotel, by 2030.
  • This hotel strengthens IOI Properties' recurring income strategy and hospitality portfolio.
  • It will be a key anchor for the RM12 bil IOI Rio City development.
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M40 homeownership falls below B40 as report urges data-driven housing policies

M40 homeownership falls below B40 as report urges data-driven housing policies

news

Updated:
  • M40 homeownership in Malaysia fell below that of the lower-income B40 in 2024, despite record overall rates.
  • A study highlights structural weaknesses and a mismatch between housing supply and demand.
  • Experts urge data-driven policies, integrated databases, and better inter-agency coordination.
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Compugates seeks Federal Court leave in Dengkil JV dispute

Compugates seeks Federal Court leave in Dengkil JV dispute

news

Updated:
  • Compugates Holdings Bhd seeks Federal Court appeal.
  • Concerns a legal dispute involving its joint venture with Main Uptown Sdn Bhd.
  • The dispute is over a mixed development in Dengkil, Selangor.
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Axis REIT's 2Q earnings ease on lower occupancy, declares 2.3 sen distribution