News about REIT

Axis Real Estate Investment Trust (April 26, RM 1.

KUALA LUMPUR (April 26): Hektar Real Estate Investment Trust (REIT), which expects to maintain its distribution per unit (DPU) at 10.

Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.

KUALA LUMPUR (April 25): Hektar Real Estate Investment Trust (REIT) will continue its mall enhancement initiatives this year, allocating RM20 million to increase the overall net lettable areas (NLA) of Landmark Central in Kedah by 20,000 sq ft to 300,000 sq ft.

THE Malaysian property market has been on a downward slide for the past two years or so.

KUALA LUMPUR (April 21): UOA Real Estate Investment Trust (UOA REIT) said its chairman Tan Sri Alwi Jantan has resigned today, due to personal reasons.

KUALA LUMPUR (April 20): Hektar Real Estate Investment Trust (REIT) founder and chief executive officer (CEO) Datuk Jaafar Abdul Hamid will be resigning as the CEO of its management company Hektar Asset Management Sdn Bhd (HAM) on May 1.

INVESTORS are showing interest in real estate investment trusts (REITs) again, judging by the recent increase in their market capitalisation.

KUALA LUMPUR (April 13): KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.

KUALA LUMPUR (April 13): MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.