News about REIT

KUALA LUMPUR (Nov 27): YTL Corp Bhd returned to the black in the first quarter ended Sept 30, 2020 (1QFY21) with a net profit of RM1.

KUALA LUMPUR (Nov 20): KLCCP Stapled Group chief executive officer (CEO) Datuk Hashim Wahir said today the lease extension for Petronas Twin Towers and Menara 3 Petronas here by lessee Petroliam Nasional Bhd (Petronas) will further reinforce the KLCCP Stapled Group's stability, thus strengthening the latter's position in the market and boost its efforts in delivering value to its stakeholders in the long term.

KUALA LUMPUR (Nov 20): Axis Real Estate Investment Trust (Axis REIT) is acquiring three properties in Johor in a related-party transaction for RM28.

PETALING JAYA (Nov 14): With Conditional Movement Control Order (CMCO) firmly entrenched over the next few weeks amidst “persistently high” Covid-19 cases, concerns are growing about higher tenant dropout rates, reported The Edge Malaysia in its latest issue.

KUALA LUMPUR (Nov.

KUALA LUMPUR (Nov 11): MRCB-Quill REIT's (MQREIT) third-quarter net property income rose 9% to RM32.

KUALA LUMPUR (Nov 10): KLCCP Stapled Group posted a net profit of RM156.

KUALA LUMPUR: The permanent closure of the remaining two branches of departmental store Robinson in Malaysia has highlighted that the risk of tenant drop-out in retail malls is higher for departmental stores, according to CGS-CIMB Research analyst Sharizan Rosely.

KUALA LUMPUR (Nov 5): Shares in real estate investment trusts (REITs) dropped in the morning trading session on Bursa Malaysia today, following emerging risk of tenants dropping out for retail mall owners.

KUALA LUMPUR (Oct 30): Retailer Robinsons, one of the anchor tenants in The Gardens Mall, is shutting down its operations in Kuala Lumpur and Singapore for good.