IGB REIT declares 2.46 sen DPU as 4Q NPI climbs amid retail recovery; IGB Commercial REIT pays 1.49 sen as NPI drops
It declared a distribution per unit (DPU) of 2.
It declared a distribution per unit (DPU) of 2.
Boon Lee joined IGB Corp as an executive director in June 2003, and assumed the role of the CEO of Tan & Tan Developments Bhd from January 2008 until he relinquished the post in January 2019.
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
REIT’s recovery remains on track this year, with marginal rental support provided to tenants, thanks to the improved retail environment, according to RHB Research.
KUALA LUMPUR (June 28): RHB Research on Tuesday (June 28) said it is more positive on the Malaysian real estate investment trust (REIT) sector as a defensive play due to "guaranteed" rental income despite the current global inflationary environment.
KUALA LUMPUR (April 28): IGB Commercial REIT said it posted net property income of RM30.
KUALA LUMPUR (Oct 27): CGS-CIMB Securities Sdn Bhd said on Wednesday (Oct 27) that IGB Real Estate Investment Trust (IGB REIT) is a big beneficiary of revenge shopping in the fourth quarter of 2021 on Malaysia's retail sector recovery, helped by progress in the country’s Covid-19 vaccination to curb the spread of the pandemic.
KUALA LUMPUR (Oct 26): IGB Real Estate Investment Trust (IGB REIT) saw its net property income (NPI) fall 42.
KUALA LUMPUR (Oct 21): IGB Bhd's indirect wholly-owned subsidiary Verokey Sdn Bhd (VSB) has sold the latter’s 50% stake in property investment firm Black Pearl Ltd (BPL) to HNG Blackfriars 1 Ltd for £104.
KUALA LUMPUR (Oct 14): Tan & Tan Developments Bhd today signed an agreement with Meaningfull Life Sdn Bhd to jointly venture into the operations of convalescent/post-hospitalisation and senior living facilities.