Higher contributions from operating segments lift IGB’s 1Q net profit by 31%
Revenue from the hotel segment more than doubled to RM58.
Mid Valley City closed until further notice after fire incident
In a statement to the bourse, IGB Bhd said the management of Mid Valley City confirmed that an incident occurred at its premises earlier in the morning.
IGB shares nearing March-record high following share buyback
According to a filing with Bursa Malaysia, IGB bought back 737,300 shares in March when its share price started its climb to the peak.
IGB posts lower 4Q net profit on absence of hefty one-off disposal gain
IGB noted that the outlook of the office market in the near term remains volatile as there is an imbalance in the office supply-demand dynamics coupled with the fierce competition.
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.
IGB’s Robert Tan to step down as group CEO effective Jan 1
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.
IGB REIT’s 3Q NPI jumps 81%, declares 2.44 sen DPU
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
IGB REIT poised to benefit from retail sector recovery — analysts
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.
RHB Research names Axis REIT and IGB REIT as top picks, positive on sector
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.
