IGB Bhd posts 0.2% rise in 2Q net profit; quarterly revenue up 14.2% on improved performance across all business segments
The commercial segment, via IGB Commercial REIT, saw revenue expand 14.
Al-Aqar REIT’s 2Q net income down 2.5%, declares 1.73 sen DPU
Quarterly net rental income rose 3.
IOI Properties Group reports 13.7% revenue growth in 4Q, announces 8 sen dividend
The notable improvement was supported by stronger performance in the property development segment and the Group’s strategic expansion into the hospitality & leisure segment.
Sentral REIT’s sale of long-vacant Wisma Sentral Inai to improve portfolio, balance sheet—analysts
If the disposal of Wisma Sentral Inai goes through, the real estate investment trust will see its overall occupancy rate rise to 94% from 85%, while improving its yield, according to analysts’ estimates, as the loss-making property has been vacant for more than three years now.
Axis REIT completes maiden RM300m senior sukuk issuance
Axis REIT said proceeds from the sukuk issuance will be used to finance capital and development expenditure, working capital, general corporate purposes and to refinance existing or future Islamic financing.
EPF ceases to be substantial shareholder in KIP REIT
The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.
Sentral REIT’s 2Q net property income slips 2.5%, declares income distribution of 3.16 sen
Revenue for the quarter was down by 2.
KIP REIT could offer above-average yield of 8%, Apex Securities says in initiating coverage
KIP REIT owns 10 retail malls and four industrial assets worth RM1.
Axis REIT acquires warehouse in Port Klang for RM80m
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.
Hong Leong Bank chairman Quek Leng Chan no longer substantial unitholder of AME REIT
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.
