AmFirst REIT 4Q net property income falls 7.8%, to distribute 1.18 sen per unit
Net property income for the fourth quarter ended March 31, 2024 (4QFY2024) fell to RM14.
Net property income for the fourth quarter ended March 31, 2024 (4QFY2024) fell to RM14.
AmanahRaya REIT has previously announced a decision to fully divest from the hospitality sector as part of ongoing initiatives to optimise its portfolio by acquiring high-yielding assets and divesting non-core assets.
IGB REIT said revenue for 1QFY2024 rose 5.
Looking ahead, IGB REIT expects the retail sector to record a 3.
The bonus payment is paid by PHB, AHB’s sponsor, and is payable to the first one million units held by each unitholder.
Strategic priorities include divesting non-core assets, refinancing borrowings and generating more cash flow to service debt, S P Setia said in its annual report released on Wednesday.
The PMO said various prerequisite approvals for the merger are being sought from several parties, including the Companies Commission of Malaysia and the Ministry of Finance.
Despite the extended timeline, unitholders of listed REITs will still receive financial information within two months after the REITs' financial year end through quarterly announcements on Bursa.
Following the acquisition, AMSB will lease the property back from Axis REIT for six years, with a starting monthly rental of RM285,833.
Hektar MTN Satu is a special purpose entity incorporated to raise financing on behalf of Hektar REIT.