News about REIT

Pavilion Real Estate Investment Trust (July 28, RM1.

KUALA LUMPUR (July 31): The Selangor State Development Corp, better known as PKNS, has postponed its initial target of establishing a real estate investment trust via its property investment unit PKNS Real Estate Sdn Bhd (PKNS RE) by 2018 to 2019, while it continues to look for good buys to raise PKNS RE’s total asset value to RM1 billion.

KUALA LUMPUR (July 28): Pavilion Real Estate Investment Trust (PavREIT), which inked an agreement to buy Pavilion Elite Mall for RM580 million, is planning a private placement to raise RM370.

Axis Real Estate Investment Trust (July 25, RM1.

KUALA LUMPUR (July 25): Axis Real Estate Investment Trust’s (Axis REIT) net property income grew marginal to RM36.

KUALA LUMPUR (July 24): Axis Real Estate Investment Trust (REIT) is planning to buy one piece of leasehold land and a portion of another leasehold land in Pahang, measuring a total of 126.

SINGAPORE (July 21): Religare is staying positive on Singapore office REITs as the sector has posted an average YTD return of 16.

KUALA LUMPUR (July 21): UOA Real Estate Investment Trust (REIT)'s second quarter ended June 30, 2017 (2QFY17) net rental income fell 15% to RM14.

SINGAPORE (July 7): Maybank Kim Eng is maintaining its “positive” rating on Singapore’s property sector after collecting feedback from investors in Hong Kong.

SINGAPORE (July 4): Ascott Residence Trust has entered into two conditional agreements to divest its interests in two serviced residence properties in China – Citadines Biyun Shanghai and Citadines Gaoxin Xi’an – for a total consideration of RMB980 million (S$198.