News about REIT

KUALA LUMPUR (Dec 23): Dynasty Portfolio Sdn Bhd — an indirect subsidiary of UOA Development Bhd — has subscribed for new units under UOA Real Estate Investment Trust’s (UOA REIT) private placement for RM52.

KUALA LUMPUR (Dec 19): The value of transactions linked to real estate investment trusts (REITs) have reached about RM2 billion this year, The Edge Malaysia reported in its latest issue.

KUALA LUMPUR (Dec 10): YTL Corp Bhd-controlled Starhill Global Real Estate Investment Trust (Starhill Global REIT), the assets of which include the Lot 10 Property and Starhill Gallery here, has announced its maiden issuance of perpetual securities or bonds worth S$100 million (about RM304 million) to enhance the financial flexibility of the property trust and diversify its funding sources.

KUALA LUMPUR (Nov 27): YTL Corp Bhd returned to the black in the first quarter ended Sept 30, 2020 (1QFY21) with a net profit of RM1.

KUALA LUMPUR (Nov 20): KLCCP Stapled Group chief executive officer (CEO) Datuk Hashim Wahir said today the lease extension for Petronas Twin Towers and Menara 3 Petronas here by lessee Petroliam Nasional Bhd (Petronas) will further reinforce the KLCCP Stapled Group's stability, thus strengthening the latter's position in the market and boost its efforts in delivering value to its stakeholders in the long term.

KUALA LUMPUR (Nov 20): Axis Real Estate Investment Trust (Axis REIT) is acquiring three properties in Johor in a related-party transaction for RM28.

PETALING JAYA (Nov 14): With Conditional Movement Control Order (CMCO) firmly entrenched over the next few weeks amidst “persistently high” Covid-19 cases, concerns are growing about higher tenant dropout rates, reported The Edge Malaysia in its latest issue.

KUALA LUMPUR (Nov.

KUALA LUMPUR (Nov 11): MRCB-Quill REIT's (MQREIT) third-quarter net property income rose 9% to RM32.

KUALA LUMPUR (Nov 10): KLCCP Stapled Group posted a net profit of RM156.