Atrium REIT’s 1Q net income dips; declares 2.1 sen income distribution
Gross revenue was 9.
Gross revenue was 9.
It was reported that Atrium REIT invested RM81 million to upgrade the Shah Alam property.
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
Going forward, Atrium said the management remains cautious due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks.
KUALA LUMPUR (July 12): Atrium Real Estate Investment Trust (REIT) has proposed to raise up to RM85.
KUALA LUMPUR (Feb 7): Atrium Real Estate Investment Trust (Atrium REIT) net rental income in the fourth quarter ended Dec 31, 2019 (4QFY19) jumped 69.
KUALA LUMPUR (Dec 28): Atrium Real Estate Investment Trust (Atrium REIT) has acquired a factory building in Shah Alam from Permodalan Nasional Bhd (PNB) for RM45 million cash.
KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.
KUALA LUMPUR (July 3): Atrium REIT Managers Sdn Bhd, which is the manager of Atrium Real Estate Investment Trust (Atrium REIT), is looking to buy a parcel of land in Shah Alam from Permodalan Nasional Bhd (PNB) for RM45 million cash.
KUALA LUMPUR (June 3): Industrial asset-focused trust Atrium Real Estate Investment Trust (REIT) is aiming to undertake land acquisitions and asset enhancement initiatives to drive total asset value growth towards a targeted RM1 billion in two years’ time.