KUALA LUMPUR (July 21): IGB Real Estate Investment Trust (REIT), the owner of the Mid Valley Megamall and The Gardens Mall, has posted a steep decline in revenue and earnings for the second quarter ended June 30, 2020 (2QFY20).
KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.
KUALA LUMPUR (June 11): IGB Bhd posted a 64.
KUALA LUMPUR (May 30): The Covid-19 pandemic and its economic fallout may have spooked many companies into putting their business plans on the back burner, but not IGB Bhd, The Edge reported today.
KUALA LUMPUR (April 23): IGB Real Estate Investment Trust’s net property income (NPI) fell 14.
KUALA LUMPUR (Feb 19): IGB Bhd posted a nearly 35% drop in net profit for the fourth quarter ended Dec 31, 2019 amid lower contribution from its commercial and retail property investments.
PETALING JAYA (Dec 23): IN a slow real estate market, most property developers have allayed investor fears with the huge land banks they have amassed and the value these can create.
KUALA LUMPUR (Dec 3): IGB Bhd, together with its partner Tower Ray Ltd, plans to sell their 50-50-owned UK-based Black Pearl Ltd, which owns a plot of freehold London land, for £235 million or RM1.
KUALA LUMPUR (Nov 25): IGB Bhd’s announcement that it is going to spin-off its commercial properties into a real estate investment trust (REIT) is a pleasant surprise and marks a step closer to realise the group’s fair value, analysts say.
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