RHB Research upbeat on industrial REITs despite slower transactions
In a sectoral update on Wednesday, the research house said it believes that industrial assets should record healthy rental reversions each year, with low risk of non-renewals.
In a sectoral update on Wednesday, the research house said it believes that industrial assets should record healthy rental reversions each year, with low risk of non-renewals.
The buildings it is acquiring include academic blocks, a great hall, staff and student accommodation, and sports and other facilities.
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
“Our forecasts imply a divvy yield of 9.
The performance of retail REITs is expected to remain steady, particularly for REITs with malls in good locations, such as IGB REIT, Sunway REIT, Pavilion REIT and KLCCP Stapled Group.
The latest filing came after the REIT suspended the trading of its units for an hour on Monday morning, from 9am to 10am.
Moving forward, KLCCP Stapled expects the healthy economic recovery to continue into 2023, supported by the stability of the office segment and the strong footing of its retail and hospitality segments.
The REIT, whose portfolio consists of Menara HLX, Plaza Zurich and Menara Guoco, declared distribution per unit of 0.
This brings the full FY2022 DPU to 9.
Both REITs are managed by Damansara REIT Managers Sdn Bhd, a wholly owned subsidiary of Johor Corporation and supported by KPJ Healthcare Bhd.