Sentral REIT's 3Q net property income rises 25% as Menara CelcomDigi boosts revenue
Net property income for 3QFY2024 was RM37.
Net property income for 3QFY2024 was RM37.
In view of the upcoming enlarged unit capital from this placement, Axis REIT had declared on Tuesday an advance fourth interim distribution of 1.
IGB REIT’s valuation appears stretched after this year’s rally, AmInvest said, at just under two times net asset value compared with peers like Sunway REIT and Pavilion REIT at slightly over one time NAV.
For the first nine months of FY2024 (9MFY2024), the REIT posted an 11.
The distribution per unit (DPU) rose to 2.
For the 9MFY2024, the REIT’s NPI rose 24% to RM191.
Quarterly revenue grew 4% to RM207.
At end-September, the retail segment contributed about 94% to the REIT’s total revenue while occupancy rates of the seven KIPMalls stood at 90.
The independent adviser noted the RM119.
Sunway 163 is presently 99% occupied, with over 100 tenants and brands with a diverse range of retail offerings, catering to a catchment encompassing Mont’ Kiara, Hartamas and Segambut.