Pavilion REIT's 2Q NPI down 57% as MCO-induced rental rebates bite into earnings
KUALA LUMPUR (July 23): Pavilion Real Estate Investment Trust (REIT) said its net property income (NPI) for the April-June quarter declined 57.
IGB REIT's 2Q net property income tumbles 62%, to distribute 0.62 sen per unit
KUALA LUMPUR (July 21): IGB Real Estate Investment Trust (REIT), the owner of the Mid Valley Megamall and The Gardens Mall, has posted a steep decline in revenue and earnings for the second quarter ended June 30, 2020 (2QFY20).
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Despite BNM OPR cut, HLIB downgrades M-REITs as Covid-19 impairs earnings
KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.
Affin Hwang remains neutral on MREITs despite OPR cut to 1.75%
KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.
Sunway REIT to acquire Sunway Pinnacle
PETALING JAYA (June 29): Sunway REIT Management Sdn Bhd, the Manager of Sunway Real Estate Investment Trust (Sunway REIT) will be acquiring The Pinnacle Sunway, a Grade A office building in Sunway City, Selangor for RM450 million.
Hektar REIT in survival, recovery mode for rest of FY20
PETALING JAYA (June 29): Hektar Real Estate Investment Trust (REIT) said it is in “survival plus recovery” mode for the rest of the financial year ending Dec 31, 2020 (FY20) as the group contends with the impact of Malaysia's movement control order (MCO) to curb the Covid-19 pandemic.
HLIB ups MRCB-Quill REIT target price as 1Q profit beats forecast
KUALA LUMPUR (June 18): Hong Leong Investment Bank Bhd (HLIB) raised its target price (TP) for MRCB-Quill REIT (MQREIT) units to 79 sen from 71 sen and increased its earnings forecast for the group after the REIT reported first quarter core net profit, which was above estimates.
MRCB-Quill REIT net property income stable in 1Q at RM32.8m
KUALA LUMPUR (June 17): MRCB-Quill Real Estate Investment Trust's (MQREIT) net property income for the quarter ended March 31, 2020 (1QFY20) climbed 1.
Pavilion REIT's net property income falls 36% in 1Q
KUALA LUMPUR (June 11): Pavilion Real Estate Investment Trust (Pavilion REIT) registered a 36% fall in net property income to RM65.
Starhill Global REIT to raise S$100m 5-year notes at 3.15% per annum
KUALA LUMPUR (June 2): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), said it has priced its 5-year S$100 million medium term notes at 3.
