News about REIT

KUALA LUMPUR (April 19): AmFIRST Real Estate Investment Trust (REIT) saw its net property income (NPI) grow by 15.

KUALA LUMPUR (April 18): AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) aims to acquire “trophy assets” in the immediate term, despite the softening property market, said Amanah Raya Bhd’s (ARB) group managing director Adenan Md Yusof.

SINGAPORE (April 14): Ascott Residence Trust (ART), through its wholly-owned subsidiary Zenith Residences Tokyo Tokutei Mokuteki Kaisha (Zenith TMK), has agreed to divest its trust beneficiary interests (TBI) of 18 rental housing properties under Zenith TMK’s portfolio in Tokyo, Japan, for 12 billion yen (approximately S$153.

WCT Holdings Bhd (April 12, RM2) Maintain hold with a higher target price (TP) of RM2.

PETALING JAYA (April 11): Medini Iskandar Malaysia Sdn Bhd has appointed Dr James Tee (pictured) as its new managing director and CEO with effect from April 10, 2017 according to a press statement today.

SINGAPORE (April 10): Vibrant Group has confirmed it is currently engaged in discussions in relation to the acquisition of a further stake in the manager of the Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana REIT).

IGB Real Estate Investment Trust (April 7, RM1.

KUALA LUMPUR (April 7): Amanahraya Real Estate Investment Trust (Amanahraya REIT) has redesignated its chief operating officer (COO), Noorbaizura Hermeyney as chief executive officer, effective yesterday.

SINGAPORE (April 5): OCBC is maintaining its “buy” on Keppel DC REIT with S$1.

KUALA LUMPUR (April 5): MRCB-Quill Real Estate Investment Trust (MQ REIT) is aiming to maintain its average 98% occupancy rate in terms of net lettable area this year albeit subdued market sentiment and challenging economic environment.