CLMT’s 3Q NPI jumps 53% to RM58 mil, pays 1.05 sen DPU
Distributable income for the quarter under review grew 29% to RM28.
UEM Sunrise takes back seat in the development of Medini's commercial zone
The disposal will result in UEM Sunrise no longer being the main driver of the development of the commercial zone of Medini, as its shareholding in NLSB will decline to 49% from 55%, while that of IHH will increase to 51% from 45%.
Analysts maintain 'buy' on IGB REIT after 9M net income met expectations
The earnings growth was mainly supported by higher tenant sales and positive rental reversion due to high shopper footfall at the Mid Valley Megamall and The Gardens Mall, they said.
KIP REIT unitholders greenlight RM80 mil KIPMall Kota Warisan acquisition
KIPMall Kota Warisan houses a one-and-a-half-storey retail centre, with a net lettable area of approximately 17,300 sq m on a freehold land in Dengkil, Sepang in Selangor.
KIP REIT’s RM80m acquisition of KIPMall Kota Warisan deemed fair and reasonable by independent adviser
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
IGB’s 2Q net profit more than doubles on higher revenue, increased forex gains
Revenue from the property development division saw a more than three-fold increase to RM39.
HLIB: IGB REIT will continue to demonstrate resilience for rest of FY2023
In a note on Thursday (July 27), the research house said IGB REIT recorded core net profit of RM177.
CLMT’s 2Q NPI rises 52% on contribution from newly acquired Queensbay Mall, higher rental income
Earnings per share rose to 1.
CapitaLand Malaysia expects strong consumer spending to support growth momentum for remaining of FY2023
The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.
