Sunway REIT eyes overseas properties to grow portfolio
The trust aims to grow its asset value to between RM14 billion and RM15 billion by 2027, from RM9.
The trust aims to grow its asset value to between RM14 billion and RM15 billion by 2027, from RM9.
The latest filing came after the REIT suspended the trading of its units for an hour on Monday morning, from 9am to 10am.
This brings the full FY2022 DPU to 9.
KUALA LUMPUR (June 20): RHB Retail Research said Sunway REIT is poised to resume its uptrend as it rebounded from a recent pullback, surpassing the 21-day average line last Friday – printing a “White Marubozu” bullish candlestick.
KUALA LUMPUR (May 19): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the first quarter ended March 31, 2022 (1QFY22) jumped 77.
KUALA LUMPUR (April 29): RHB Retail Research said Sunway Real Estate Investment Trust is set to propel northwards, after experiencing a technical breakout above RM1.
KUALA LUMPUR (Dec 7): Malaysian Rating Corporation Bhd (MARC) has accorded a Silver Impact Bond Assessment to Sunway Real Estate Investment Trust (REIT)’s inaugural sustainability-linked bonds (SLB) Framework which governs the terms of the bonds.
KUALA LUMPUR (June 24): Sunway Real Estate Investment Trust’s (Sunway REIT) SunREIT Unrated Bond Bhd (SUB) has mandated OCBC Bank (Malaysia) Bhd as the sustainability structuring coordinator of an unrated medium-term notes programme of up to RM10 billion in nominal value.
KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.
KUALA LUMPUR (Sept 5): Sunway REIT has opted to go more into “segments that can give it more consistent revenue and income rather than be overly reliant on its core assets with their cyclical nature”, The Edge Malaysia reported in its latest issue.