News about REIT

YTL Corp also operates in the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.

Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.

Looking ahead, the new offerings at Sunway Resort Hotel are expected to widen the REIT’s customer base and increase its market share.

Gross revenue for the quarter increased by 11.

The industrial REIT proposed an interim distribution of 1.

The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.

AmFIRST REIT said resulting from his appointment as the CEO, Chong simultaneously relinquished his position as the chief financial officer of the REIT, a position he had held since November 2015.

Axis REIT had kept an acquisition target of RM170 million for FY2023, said Kenanga, noting that in the context of the current surge in the supply of industrial properties, the REIT may face heightened competition as potential tenants may be spoilt for choice.

On a quarterly basis, the group’s NPI came in 6.

Nevertheless, the research house said on a brighter note, the earnings outlook for Pavilion REIT remains optimistic, driven by a positive rental reversion outlook for Pavilion KL Mall.