YTL REIT to develop a Moxy hotel in Hokkaido for RM199m
The planned development involved a five-storey hotel with a two-storey basement under the Moxy brand, a segment of Marriott’s millennial-focused brand.
Pavilion REIT climbs over one-month high, analysts say earnings growth on track
Shares in Pavilion REIT edged up 1.
PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit
According to the REIT, its property operating expenses for the quarter surged 52% y-o-y due to operating expenses incurred for the new property, upgrading works, and higher utility costs driven by additional consumption under the hot weather.
CapitaLand Malaysia Trust surges to near four-year high after strong 1Q
So far this year, CLMT has gained 17%, sharply outperforming its peers, buoyed by potential earnings contributions from its newly-acquired industrial properties.
CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%
Revenue for the quarter ended March 31, 2024 (1QFY2024) rose 42.
AME REIT’s 4Q net property income jumps 12%, declares 1.87 sen distribution per unit
During the quarter, AME REIT registered RM12.
Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash
Axis Steel Centre @ SiLC is sprawled over 26.
PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall
Pavilion KL and the Pavilion Elite remained PavREIT's largest earnings contributors, accounting for about 77% (Pavilion KL) and 10.
Axis REIT sees 40% jump in 1Q net trust income, to distribute 2.3 sen per unit
Net trust income rose to RM42.
KIP REIT’s 3Q net property income up 10.1%, to double AUM in three years
A distribution per unit of 1.
