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Global real estate assets under management up 20% to US$2.5 trillion in 2016

The total value of global real estate assets under management surged by 20% year-on-year from US$2.19 trillion (RM9.37 trillion) to US$2.5 trillion as at end-2016 with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2017 conducted by the Asian Association For Investors In Non-Listed Real Estate Vehicles, the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) and the National Council of Real Estate Investment Fiduciaries.

MBSB up 2.36% as 1Q earnings nearly triple

Malaysia Building Society Bhd shares rose 2.36% at mid-morning today after its net profit in the first quarter ended March 31 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.

Plenitude registers 13% drop in 3Q earnings

Property developer cum hotel operator Plenitude Bhd saw its third quarter ended March 31, 2017 (3QFY17) net profit declined by 13% to RM12.16 million or 3.2 sen per share, from RM13.96 million or 3.7 sen per share a year ago due to the absence of contribution from a Semi-D project in Tebrau, Johor, which was completed last year.

UOA REIT records lower rental income in 1QFY17

UOA Real Estate Investment Trust (REIT)'s first quarter ended March 31, 2017 (1QFY17) net rental income declined by 14% to RM14.70 million, from RM17.03 million a year ago as gross rental fell.