News about REIT

Pavilion Kuala Lumpur Mall remained the REIT's biggest overall revenue contributor as well as for its mall segment, with gross revenue rising 18.

The office rental market remains challenging with the over-supply of office space particularly in the Klang Valley as more organisations, especially multinational corporations, continue to re-evaluate their workplace strategies and requirements, the REIT said.

It was the second distribution whereby AME REIT distributed 100% of the quarter’s distributable income to its unitholders.

UOA REIT invests in office buildings across Klang Valley.

The REIT said the southern region remained as the highest revenue contributor, with the three malls located in the region reporting a gross revenue of RM10.

Axis REIT’s manager is optimistic that in view of the satisfactory performance of the REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for FY2023.

The group said property expenses for 4QFY2023 were higher by 18.

In a note on Thursday (April 13), the research house initiated a target price of RM1.

The company said with the appointment, Ong has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT.

Going forward, Hektar REIT executive director and chief executive officer Johari Shukri Jamil shared that there are 94 tenants covering 528,121 sq ft of space that is set to expire in 2024, followed by 58 tenants with 187,202 sq ft expiring in 2025.