News about REIT

There are already signs of softening consumer spending, as reflected in weaker tenancy sales among retail REITs under coverage.

The 46-year-old, who does not hold any stake in the REIT, is resigning to pursue other career opportunities, the company said in a Bursa Malaysia filing on Wednesday KUALA LUMPUR (June 11): Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.

“Some parties have already approached us, and we have also identified certain malls.

The key catalysts are anticipated in 2H2025, including asset recycling through disposals or new acquisitions, asset enhancement initiatives to drive income growth, and a hospitality sector recovery following the seasonal post-Ramadan rebound.

The trust is expected to offer an annualised distribution yield of over 7% for 2025.

The issue price represents a discount of 3.

Based on an illustrative issue price of 57.

Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.

Slated for listing on the Main Market on June 10, the IPO does not involve issuance of new units, meaning that the trust itself will not receive any proceeds.

The assets are currently fully tenanted with a mix of food and beverages (F&B), lifestyle, health and educational tenants, many of which are under a sales turnover rental model.