This was due to normalization of rental after the end of the rental deferral program on June 30, 2022.
Pavilion Bukit Jalil mall, located in Bukit Jalil, has a net lettable area of 1.
Looking ahead, Sunway REIT Management Sdn Bhd — the manager of Sunway REIT — said it remains optimistic on the group’s outlook for FY2022, underpinned by strong growth in its retail segment, gradual recovery in the hotel segment and the new income contribution.
Hektar REIT said the Malaysian retail landscape showed steady recovery, as it inches back to the pre-pandemic levels, and this is evident across the REIT’s portfolio.
Axis REIT said the latest placement involves issuing up to 100 million new units, representing up to 6.
The group's largest contributor, the office segment, logged a marginal 0.
It said the lower income recorded for 9MFY22 was mainly due to lower revenue contributions from Wisma Technip and Quill Building 2, which were partially offset by increase in revenues from Menara Shell and Plaza Mont Kiara, lower property expenses and finance costs.
The acquisition of Queensbay Mall will deepen CLMT’s presence in Penang, thus strengthening its foothold in the northern region of Malaysia, where it already owns Gurney Plaza and is targeting to complete the acquisition of its first logistics property in Penang in the fourth quarter of this year.
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
Quarterly revenue grew 26.