EPF ceases to be substantial shareholder in KIP REIT
The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.
The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.
Revenue for the quarter was down by 2.
KIP REIT owns 10 retail malls and four industrial assets worth RM1.
The single-storey detached warehouse comes with an annexed double-storey office, as well as a 1½-storey detached warehouse and other ancillary buildings, which were built upon a portion of leasehold land.
Following the sale, the Hong Leong Bank Bhd (KL:HLBB) chairman's interest in the industrial-focused REIT is estimated to have fallen to 23.
Axis REIT's net income rose to RM46.
IGB REIT declared a distribution per unit (DPU) of 2.
The improved earnings were mainly driven by the contribution from its seven KIPMalls and its four industrial properties, as well the newly bought D'pulze Shopping Centre and TF Value-Mart.
As at June 30 this year, AME REIT’s portfolio comprises 39 investment properties, including 36 industrial properties with a total agreed lettable area of 2.
UOA REIT expects office space demand to improve gradually, supported by its completed and ongoing asset enhancement initiatives aimed at revitalising older buildings through 2025.