News about REIT

Chen joined Sunway Group as a finance trainee in 2004 and attained his Institute of Chartered Accountants in England and Wales qualification in 2007.

AmanahRaya REIT, which is expected to record a gain of RM45 million, said the proposed disposal is in line with the trust’s growth strategy to unlock and realise higher returns on its investments at a favourable price.

The agreements are for the leasing of KPJ Perdana Specialist Hospital to Perdana Specialist Hospital Sdn Bhd; KPJ Kajang Specialist Hospital to Kajang Specialist Hospital Sdn Bhd; KPJ Sentosa KL Specialist Hospital to Sentosa Medical Centre Sdn Bhd; Kedah Medical Centre to Kedah Medical Centre Sdn Bhd; and Kuantan Care and Wellness Centre (Kuantan CWC) to Kuantan Wellness Center Sdn Bhd.

“Our forecasts imply a divvy yield of 9.

The metrics include the total renewable energy in MWh generated by all solar photovoltaic systems in the REIT’s properties, and the weighted average building energy intensity measured in kWh per square metre of the building’s gross floor area per year.

The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.

Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.

In a bourse filing on Tuesday (May 30), Axis REIT said its executive deputy chairman Datuk Abas Carl Gunnar Abdullah, 64, was promoted to executive chairman effective immediately, while its non-independent director Stephen Tew Peng Hwee@Teoh Peng Hwee, 62, will take over the role of deputy chairman.

Revenue from the hotel segment more than doubled to RM58.

The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.