News about YTL

YTL Hospitality Real Estate Investment Trust's (YTL REIT) net property income (NPI) rose to RM66 million in 2QFY23 from RM55 million in the preceding quarter, while income available for distribution increased to RM27 million from RM17.

This was due to normalization of rental after the end of the rental deferral program on June 30, 2022.

We have reinforced the operational efficiency and strength of our existing operations while moving ahead with strategic new businesses, and are well prepared to meet the future.

Improved results in the property segment were due mainly to higher sales, while our hotels division continued to see better results following the gradual recovery of the tourism and hospitality sectors as the year progressed.

KUALA LUMPUR (May 27): YTL Corp Bhd reported a net profit of RM414.

KUALA LUMPUR (Sept 8): YTL Corp Bhd closed its fourth quarter ended June 30, 2021 (4QFY21) with a swing to profit before tax (PBT) of RM110.

KUALA LUMPUR (Sept 2): YTL Hospitality REIT is currently on the lookout for quality assets amid the industry downturn led by the pandemic, and does not rule out potential acquisitions in the near-to-medium term with the emergence of yield-accretive assets, analysts said.

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 (May 12): YTL Cement Bhd, a subsidiary of YTL Corp Bhd, today inked an agreement to sell its entire cement and ready-mixed concrete operations in Malaysia to its 76.

KUALA LUMPUR (April 27): The ongoing asset enhancement work for The Starhill retail and hospitality property along Jalan Bukit Bintang here is expected to be completed by December 2021, according to the asset owner’s manager YTL Starhill Global REIT Management Ltd.