Sunway REIT’s 4Q NPI rises 19% to RM146m; declares five sen DPU
This brings the full FY2022 DPU to 9.
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.
"Upon completion of the proposed acquisitions, AME REIT retains a premium portfolio of 37 properties containing freehold industrial properties and worker dormitories with steady tenancies.
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
Quarterly revenue grew 26.
Going forward, executive director Datuk Eric Ong Kook Liong said the REIT's core strategy will be to continue to pursue high quality accretive acquisitions to support sustainable distribution payout to unitholders.
The real estate investment trust (REIT) said distributable income for the quarter amounted to RM22.
Industry leaders and experts were invited to share and discuss issues that could impact the industry globally as well as domestically.
Axis REIT reported a revenue of RM71.
Lee said AME REIT is capable of acquiring up to RM480 million worth of assets based on its gearing of 8% currently.