Paradigm REIT eyes certain malls, screening through ‘substantial’ number of assets
“Some parties have already approached us, and we have also identified certain malls.
“Some parties have already approached us, and we have also identified certain malls.
The key catalysts are anticipated in 2H2025, including asset recycling through disposals or new acquisitions, asset enhancement initiatives to drive income growth, and a hospitality sector recovery following the seasonal post-Ramadan rebound.
The trust is expected to offer an annualised distribution yield of over 7% for 2025.
The issue price represents a discount of 3.
Based on an illustrative issue price of 57.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
Slated for listing on the Main Market on June 10, the IPO does not involve issuance of new units, meaning that the trust itself will not receive any proceeds.
The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model.
Net rental income for the quarter also dropped 3.
The REIT is eyeing assets with medium- to long-term leases, triple net lease structures (where tenants cover taxes, insurance and maintenance), and at least a 6.