News about REIT

REIT sector Maintain market weight: The sector’s core net earnings (excluding fair value gains) in the second quarter of financial year 2017 (2QFY17) improved by 7.

KUALA LUMPUR (Sept 6): The oversupply of office and retail space in Malaysia is “far from over”, according to UOB Kay Hian Securities (M) Sdn Bhd.

KUALA LUMPUR (Sept 6): The trading of Amanahraya Real Estate Investment Trust (REIT) units has been suspended since 2.

KUALA LUMPUR (Sept 6): Tower Real Estate Investment Trust (REIT) has appointed Chua Song Yong @ Eusoffe Chua as its chief executive officer effective yesterday.

SINGAPORE (Aug 31): Singapore-based Frasers Centrepoint Trust (FCT) has subscribed for its full allocation in the renounceable rights issue of associate Hektar REIT, theedgesingapore.

KUALA LUMPUR (Aug 31): WCT Holdings Bhd, a construction and property outfit linked to Pavilion Group's Tan Sri Desmond Lim, said it has started talks with the relevant authorities regarding its proposal to set up a real estate investment trust (REIT).

KUALA LUMPUR (Aug 30): Sunway Bhd’s net profit rose 28% to RM196.

KUALA LUMPUR (Aug 25): Integrated property developer Kepong Industrial Park Group (KIP Group) will soft-launch its first hybrid retail mall in Sepang this Saturday.

SINGAPORE (Aug 18): Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) announced on Aug 17 that they are jointly reviewing valuation practices as well as reporting done by real estate valuers that are engaged by listed issuers.

KUALA LUMPUR (Aug 16): KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust (REIT), collectively known as KLCCP Stapled Group, reported a slight increase in net profit in the second quarter ended June 30, 2017 (2QFY17) to RM177.