Pavilion REIT’s 4Q net property income up 39%, pays 4.6 sen DPU
Quarterly revenue increased 47.
RHB IB raises Sentral REIT earnings forecast by 11% following Menara CelcomDigi acquisition
In a note on Wednesday, RHB IB stated that Sentral REIT’s net profit for the fourth quarter of 2023 (4Q2023) came in at RM19.
Axis REIT's 4Q NPI rises 6.3% to RM66m, declares 2.4 sen income distribution
Quarterly revenue edged up by 6.
Sentral REIT's 4Q NPI up 30%, declares 0.68 sen DPU
The improvement in gross revenue was also due to the impact of revenue straight-lining over the lease term under requirements of Malaysian Financial Reporting Standard 16 Leases, said Sentral REIT in a bourse filing.
UOA REIT declares lower DPU of 3.86 sen in 4Q as net rental income drops 12%
This brings its total income distribution for FY2023 to 7.
Maybank IB expects OPR to be kept at 3.0%, driving continuous growth for REITs in 2024
Furthermore, Maybank IB expects the 10-year Malaysian government securities (MGS) yield to lower to 3.
AmanahRaya REIT completes RM145m sale of Holiday Villa Beach Resort Langkawi to Plenitude
ARREIT said this follows the signing of a sale and purchase agreement with Plenitude's wholly-owned subsidiary Plenitude Gateway Sdn Bhd for the proposed disposal in June last year.
HLIB sees minimal impact on REITs amid high-value goods tax implementation
The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.
IGB REIT Management chairman Lin See Yan, CEO Antony Patrick Barragry stepping down after 11 years
IGB REIT Management also announced that Lee Chen Chong and Tan Boon Lee will be standing down as directors come Dec 31, as part of the board reorganisation to facilitate independence and diversity in the boardroom.
IGB REIT joint COO Daniel Yong passes away
Yong was later appointed as the executive director of MVC in 2003 and served as its chief executive officer, responsible for overseeing the management and operations of Mid Valley Megamall.
