IGB’s REITs post higher 2Q NPIs on higher rental income
IGB REIT declared a distribution per unit (DPU) of 2.
IGB REIT declared a distribution per unit (DPU) of 2.
The improved earnings were mainly driven by the contribution from its seven KIPMalls and its four industrial properties, as well the newly bought D'pulze Shopping Centre and TF Value-Mart.
As at June 30 this year, AME REIT’s portfolio comprises 39 investment properties, including 36 industrial properties with a total agreed lettable area of 2.
UOA REIT expects office space demand to improve gradually, supported by its completed and ongoing asset enhancement initiatives aimed at revitalising older buildings through 2025.
The units were priced at 61 sen apiece with 409.
The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.
CLMT’s retail properties delivered a positive rental reversion of 10.
Last Friday, Hektar announced that it is buying the land for RM40 million in the Durian Tunggal sub-district from KYS College Sdn Bhd in a related party transaction.
In a filing with Bursa Malaysia, the REIT said its trustee, MTrustee Bhd, is purchasing the land located in the Durian Tunggal sub-district from KYS College Sdn Bhd.
Malaysian REITs would still leverage on robust domestic spending, lower bond yields and active inorganic growth strategies, according to RHB Investment Bank Bhd.