CapitaLand Malaysia Trust says outlook remains positive, but flags uncertainties from SST and power tariff changes
CLMT’s retail properties delivered a positive rental reversion of 10.
Hektar REIT's Melaka land deal attractive and yield-accretive, says HLIB
Last Friday, Hektar announced that it is buying the land for RM40 million in the Durian Tunggal sub-district from KYS College Sdn Bhd in a related party transaction.
Hektar REIT to buy 42 acres of land in Melaka for RM40m
In a filing with Bursa Malaysia, the REIT said its trustee, MTrustee Bhd, is purchasing the land located in the Durian Tunggal sub-district from KYS College Sdn Bhd.
REITs see sentiment boost from OPR cut, but valuations already reflected move—analysts
Malaysian REITs would still leverage on robust domestic spending, lower bond yields and active inorganic growth strategies, according to RHB Investment Bank Bhd.
IGB, IGB REIT climb to new record high on Johor Bahru deal
At least four research houses upgraded the trust to ‘buy’ after raising their forecasts and target prices, betting that potential income from the mall, the trust’s first outside of the more mature Klang Valley, will offset the dilution to earnings per unit.
IGB REIT to acquire Mid Valley Southkey Mall in Johor for RM2.65 bil
The five-storey mall, with over 1.
Hektar REIT to acquire 90% stake in Perlis land for solar farm project
MTrustee Bhd, acting on behalf of Hektar REIT, has entered into an agreement with Wan Realty Sdn Bhd and Darul Modal Sdn Bhd for the acquisition, valued at RM26 million, according to a bourse filing on Tuesday.
MRMA urges review of SST on commercial rentals to prevent impact on end-consumers
MRMA highlighted that the proposed expanded SST, which is expected to take effect on July 1, is likely to result in higher costs for end-consumers, as businesses across the affected sectors may pass on the additional tax burden in the form of higher prices for goods and services.
REITs may see tougher second half as new tax pressures tenants, landlords—CIMB Securities
There are already signs of softening consumer spending, as reflected in weaker tenancy sales among retail REITs under coverage.
Tower REIT CEO Martin Kung steps down after six months at the helm
The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday KUALA LUMPUR (June 11): Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.
