KUALA LUMPUR (Nov 12): Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) suggested the government consider increasing the free float of the Airport REIT (AREIT) to more than 30% of the proposed stake, in line with the Bursa Malaysia's priority to attract higher foreign participation in the local capital market.
Aviation sector Downgrade to neutral from overweight: The government intends to set up the world’s first Airport Real Estate Investment Trust (AREIT), enabling it to raise RM4 billion based on a 30% stake sale to private investing institutions.
KUALA LUMPUR (Nov 2): Sunway Real Estate Investment Trust’s (Sunway REIT) net property income slipped 0.
KUALA LUMPUR (Nov 2): Atrium Real Estate Investment Trust (REIT) plans to buy and lease back two pieces of land in Penang from Lumileds Malaysia Sdn Bhd, a wholly-owned subsidiary of Lumileds International BV, for a combined RM180 million cash.
KUALA LUMPUR (Oct 29): Last week saw a flux of quarterly earnings released by local real estate investment trusts (REITs) with most reporting a growth in their net property income (NPI), sparking optimism for a recovery in the sector that has long been plagued by concerns over oversupply, weak demand and the like.
Axis Real Estate Investment Trust (Oct 23, RM1.
KUALA LUMPUR (Oct 22): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 31% in the third quarter ended Sept 3, 2018 (3QFY18) to RM45.