News about REIT

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.

Quarterly revenue gained 43.

The property is situated within an established industrial development known as the Sendayan Techvalley Industrial Park.

Distributable income for the quarter under review grew 29% to RM28.

Going forward, Atrium said the management remains cautious due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks.

In a Bursa Malaysia filing on Friday (Oct 20), Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit.

The higher NPI of RM16.