IGB REIT net property income inches up 2.4% in 3Q on higher rental income
KUALA LUMPUR (Oct 25): IGB Real Estate Investment Trust’s (REIT) net property income (NPI) rose a marginal 2.
Axis REIT’s NPI jumps 31% on-year in 3Q with expanded portfolio
KUALA LUMPUR (Oct 22): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 31% in the third quarter ended Sept 3, 2018 (3QFY18) to RM45.
KIP REIT reports marginal NPI growth for 1Q
KUALA LUMPUR (Oct 16): KIP Real Estate Investment Trust (REIT) announced a marginal 3.
UPDATE: Hilton Garden Inn hotels on Jalan TAR flipped for RM240m – report
PETALING JAYA (Sept 29): Hilton Garden Inn North – formerly the Cititel Express – and Hilton Garden Inn South – formerly the Hotel Empress – on Jalan Tunku Abdul Rahman, Kuala Lumpur, was sold for RM240 million by Singapore's Royal Group in August – barely three years after it had acquired the properties, reported The Edge Malaysia.
REITs expected to be active in greenfield, brownfield projects
Real estate investment trust sector Maintain neutral: There are no surprises for 2QCY18 earnings for real estate investment trusts (REIT).
UOA REIT mulls formation of sub-MCs at its properties to avoid disputes
PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.
IGB to directly hold 49% stake in IGB REIT
KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.
Pavilion REIT to participate in ownership of Pavilion Bukit Jalil mall
KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.
Latest asset buy seen to have muted impact on Axis REIT’s earnings
Axis Real Estate Investment Trust (Aug 9, RM1.
Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge
KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.
