UOA REIT declares lower DPU of 3.86 sen in 4Q as net rental income drops 12%
This brings its total income distribution for FY2023 to 7.
This brings its total income distribution for FY2023 to 7.
Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.
The research firm in a note on Thursday said that although office spaces are becoming more relevant, overall occupancy levels may remain thin, as the incremental supply of new office spaces could outweigh the modestly rising take-up, further dampening the sector’s outlook.
The REIT announced an interim income distribution of 3.
The metrics include the total renewable energy in MWh generated by all solar photovoltaic systems in the REIT’s properties, and the weighted average building energy intensity measured in kWh per square metre of the building’s gross floor area per year.
According to a filing with Bursa Malaysia, IGB bought back 737,300 shares in March when its share price started its climb to the peak.
In a note on Thursday (April 13), the research house initiated a target price of RM1.
The company said with the appointment, Ong has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT.
Going forward, Hektar REIT executive director and chief executive officer Johari Shukri Jamil shared that there are 94 tenants covering 528,121 sq ft of space that is set to expire in 2024, followed by 58 tenants with 187,202 sq ft expiring in 2025.