Higher FY20, FY21 profits seen for Sunway REIT
Sunway Real Estate Investment Trust (March 18, RM1.
Manulife Asset Management projects flattish yields in Malaysian REITs market
KUALA LUMPUR (March 16): Manulife Asset Management Services Bhd (MAMSB) expects the Malaysian real estate investment trust (REIT) market to remain flattish this year, with yields of around 4%-5% due to an oversupply of the instrument in the market.
KIP Group to open four new malls over the next three years
SUNGAI BULOH (March 11): Property developer KIP Group will add four new shopping malls to its portfolio, bringing the total number to 12 over the next three years.
Stewart Labrooy: Government buildings' REIT will do very well
KUALA LUMPUR (Feb 21): Alpha REIT Managers Sdn Bhd chairman Datuk Stewart Labrooy said real estate investment trust (REIT) of government buildings would do very well, given the good location and quality of these assets.
Sunway REIT 1H19 results within expectations
Sunway Real Estate Investment Trust (Feb 15, RM1.
Sunway REIT 2Q net property income flat; company declares 2.25 sen DPU
KUALA LUMPUR (Feb 15): Sunway Real Estate Investment Trust (REIT) announced a net property income (NPI) of RM104.
Atrium REIT announces put and call option and cash calls related to Penang land deal
KUALA LUMPUR (Feb 13): Atrium Real Estate Investment Trust (REIT) has entered into a put and call option agreement in relation to an RM180 million land deal announced last November.
AmanahRaya REIT CEO resigns after just 3 months on the job
KUALA LUMPUR (Feb 1): AmanahRaya Real Estate Investment Trust (REIT)’s chief executive officer (CEO) Zalila Mohd Toon, 58, has resigned just after three months on the job.
KLCCP 4Q profit falls on lower fair value gain
KUALA LUMPUR (Jan 25): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd (KLCC) and KLCC Real Estate Investment Trust (KLCC REIT), announced a 47% year-on-year (y-o-y) drop in net profit to RM183.
IGB REIT 4Q net profit down 9.9%
KUALA LUMPUR (Jan 24): IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter (4Q) ended Dec 31, 2018 slipped 9.
