News About MRCB-Quill REIT
KUALA LUMPUR (May 4): MRCB-Quill Real Estate Investment Trust (MQREIT) posted a 39.9% increase in net property income for the first quarter ended March 31, 2017 to RM37.14 million from RM26.54 million a year earlier on higher revenue.
The surprise rate cut has prompted Hong Leong Investment Bank Research and UOB Kay Hian to upgrade Malaysian real estate investment trusts (M-REITs) to “overweight”, citing a wider spread between the yields of REITs and Malaysian Government Securities (MGS). Furthermore, both research houses believe there could be more easing, either through a further rate cut or the relaxation of property cooling measures.
MALAYSIAN real estate investment trusts (M-REITs) are touted as safe haven assets for investors seeking safety in dividend yields post-Brexit. But unit holders will need to get smarter fast as M-REITs — favoured and marketed as a low-risk passive investment vehicle with a high certainty of cash flow from rent derived from lease agreements — will soon be allowed to take on construction risks to enjoy development profits.
KUALA LUMPUR (July 1): MRCB-Quill Real Estate Investment Trust (MRCB-Quill REIT) is buying Menara Shell in KL Sentral from Malaysian Resources Corp Bhd (MRCB) for RM640 million.
MRCB-Quill Real Estate Investment Trust (REIT) (March 30, RM1.16)