Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
Axis acquired the property in 2014 for RM153.
UOA REIT posts weaker earnings on lower occupancy, higher expenditure
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
Sunway REIT’s 1Q NPI rises 16% to RM138m driven by retail segment
Gross revenue for the retail segment was 28.
CapitaLand Malaysia’s 1Q NPI up 9% on better revenue contribution; declares 0.87 sen DPU
Its portfolio occupancy improved to 89.
After regaining firm footing in FY2022, Sunway REIT eyes more positive upside from post-Covid reopening
Sunway REIT chief executive officer Datuk Jeffrey Ng Tiong Lip: “Sunway REIT has recovered well from Covid-19 pandemic.
Sunway REIT eyes overseas properties to grow portfolio
The trust aims to grow its asset value to between RM14 billion and RM15 billion by 2027, from RM9.
Pavilion REIT's 1Q property income rises 11.5% amid increased occupancy, rental income
Pavilion Kuala Lumpur Mall remained the REIT's biggest overall revenue contributor as well as for its mall segment, with gross revenue rising 18.
Tower REIT’s earnings further weighed down by higher electricity tariff, wages
The office rental market remains challenging with the over-supply of office space particularly in the Klang Valley as more organisations, especially multinational corporations, continue to re-evaluate their workplace strategies and requirements, the REIT said.