News about REIT

When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.

The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — declared a fourth interim dividend of 17.

Established in 2006, Pelaburan Hartanah is the property investment arm of Yayasan Pelaburan Bumiputera, aimed at facilitating Bumiputera investments in commercial properties.

This marks the highest DPU for Sunway REIT since it was listed on the Main Market in July 2010.

The purchaser, 4X Software Sdn Bhd, was unable to fulfill the stipulated condition precedent within the agreed timeline, which ended on Dec 26, 2024, according to AmanahRaya Kenedix REIT Manager Sdn Bhd, the REIT’s manager.

Axis REIT Managers Bhd chief executive officer and executive director Leong Kit May shared that the REIT is currently in closed talks with potential acquisition targets valued at RM300 million with heavy inclination towards industrial.

Its distributable income for 4QFY2024 amounted to RM92.

Aside from the fourth interim income distribution of 1.

"The group wants to hit RM2 billion in assets under management “as soon as possible”, said chief executive officer Valerie Ong Pui Shan.

In a note on Thursday, CIMB Securities said that the company's earnings are expected to grow 2.