Pavilion REIT’s 2Q net property income up 8%, but flags margin pressure
The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.
The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.
The issue price represents a discount of 3.
Located within the Ibrahim International Business District (IIBD), the southern corridor’s core economic nucleus, Quayside JBCC is a 195-metre ultra-luxury freehold development, comprising 482 serviced suites, 24 commercial retail units and 200 hotel suites.
The REIT's distributable income came in at RM98.
Post-acquisition, the hotels will comprise approximately 5.
This low-density, freehold project is directly connected to Pavilion Bukit Jalil Mall and is in proximity to the 80-acre Bukit Jalil Recreational Park.
The REIT’s distributable income for 4QFY2024 stood at RM88.
After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.
Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.
Quarterly revenue grew 4% to RM207.