News by theedgemalaysia.com

IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) for the second quarter ended June 30, 2024 (2QFY2024) rose 6.5% to RM109.48 million from RM102.79 million a year ago, due to higher rental income.

KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions.

UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses.

IGB Commercial Real Estate Investment Trust's (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter.

Come Friday (July 26), the Federal Court will deliver an important decision which would affect homebuyers and developers alike, on whether the decision made by the apex court in the Ang Ming Lee and another vs the Housing and Local Government Ministry and the Controller of Housing case has a retrospective effect or otherwise.

Ahmad Zaki Resources Bhd (KL:AZRB) said on Thursday it has secured a contract worth RM151.99 million to design and build the Port Dickson Specialist Hospital in Negeri Sembilan.

Shares of Gadang Holdings Bhd (KL:GADANG) erased three weeks of gains after TA Securities, the sole research house covering the stock, downgraded the construction company to ‘sell’ on weaker-than-expected results.

Capitaland Malaysia Trust (KL:CLMT) is eyeing more industrial and logistic assets in Johor, given the robust demand and positive economic sentiments there.

AME Elite Consortium Bhd (KL:AME) is selling four industrial properties in Johor to its 49.62%-owned unit AME Real Estate Investment Trust (KL:AMEREIT) for a total of RM119.5 million, to realign its property investments into a REIT.

CapitaLand Malaysia Trust (KL:CLMT) said it is positive on its earnings outlook for this year, supported by sustained domestic earnings, an uptick in tourist arrivals and better occupancy rates for its retail malls.