The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
For the first half ended June 30, Sunway REIT’s NPI advanced 12.
"These office assets continued to anchor the group’s stable performance, recording an increase in revenue and PBT of RM145.
The analysts made their forecast after the REIT posted a net property income of RM29.
In a filing to Bursa Malaysia on Thursday (Aug 10), the group reported that property operating expenses for the second quarter of 2023 (2Q2023) were RM9 million, marking a 4.
Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.
On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.
In a note on Thursday (July 27), the research house said IGB REIT recorded core net profit of RM177.
The REIT said the realised net income from its operations was RM33.
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