KIP REIT 1Q NPI up 3.7% on lower property operating expenses
KUALA LUMPUR (Oct 21): KIP Real Estate Investment Trust (REIT) saw its net property income (NPI) for the first quarter ended Sept 30, 2020 (1QFY21) rise by 3.
Malls to consider new roles to support e-commerce
PETALING JAYA (Oct 13): A change of mindset by shopping mall operators is crucial to ensure the shopping malls remain relevant in the new normal, this includes offering of new services that support e-commerce activities, said Real Estate and Housing Developers’ Association (REHDA) Institute chairman Datuk Jeffrey Ng Tiong Lip (pictured).
20% cut in directors' fees among steps taken by Starhill Global REIT amid Covid-19 headwinds
KUALA LUMPUR (Sept 25): Singapore-listed Starhill Global REIT is exercising financial prudence amid the headwinds arising from the Covid-19 pandemic by delaying non-essential capital expenditure and implementing cost-savings measures.
Sunway REIT turns to more stable segments
KUALA LUMPUR (Sept 5): Sunway REIT has opted to go more into “segments that can give it more consistent revenue and income rather than be overly reliant on its core assets with their cyclical nature”, The Edge Malaysia reported in its latest issue.
MRMA re-elects Datuk Jeffrey Ng as chairman
KUALA LUMPUR (Sept 4): The Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) has re-elected Sunway REIT Management Sdn Bhd chief executive officer (CEO) Datuk Jeffrey Ng as its chairman in the annual general meeting (AGM) held on Aug 25.
Axis REIT to buy Shah Alam warehouse for RM11.87 million
KUALA LUMPUR (Sept 3): Axis Real Estate Investment Trust (Axis REIT) has proposed to acquire a warehouse located in Shah Alam, Selangor, for RM11.
Axis REIT buys Shah Alam warehouse for RM95m
KUALA LUMPUR (Aug 27): Axis Real Estate Investment Trust’s (Axis REIT) trustee, RHB Trustee Bhd, is acquiring a property located in Seksyen 15, Shah Alam, from Axis Development Sdn Bhd for RM95 million.
REITs: Raising gearing limit 'seen as timely'
KUALA LUMPUR (Aug 15): The temporary increase of the gearing limit for real estate investment trusts (REITs) by the Securities Commission Malaysia (SC) “is seen as timely for the sector”, The Edge Malaysia reported recently.
MRCB-Quill REIT 2Q net profit up 16% to RM19.08m, declares 3.43 sen DPU
KUALA LUMPUR (Aug 14): MRCB-Quill REIT's (MQREIT) net profit for the second quarter ended June 30, 2020 rose 16% to RM19.
Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%
KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.
