News about reit

The property, located within Subang Jaya in USJ1, boasts a 12-storey purpose-built building fitted for educational purposes, held under a freehold tenure.

Net profit for the January-June period of RM150 million accounted for 44% of the consensus full-year estimate, though analysts expect earnings to catch up with forecasts on the back of higher tourist arrivals, year-end shopping season, and improved occupancy rates.

Pavilion REIT, whose share price has risen 14.

The retail REIT sector is facing challenges from the recent increase in the sales and service tax (SST) to 8%, weak consumer spending, sustained elevated inflation, and fuel subsidy rationalisation.

Notably, WCT recently secured an external job consisting of a RM249.

This will allow the group to unlock the value of its investments in the properties, the construction and property group said in a bourse filing.

PHBAM, the wholly-owned subsidiary of Pelaburan Hartanah Bhd (PHB), is replacing Maybank Asset Management Sdn Bhd (MAM) as the manager for AHB fund.

YNH Property in January announced its plan to sell the seven-storey retail shopping centre to Sunway REIT for RM215 million in cash.

The building, which AmanahRaya REIT has owned for almost eight years, is a four-storey purpose-built office building with one basement level.

Johari, 52, has decided to step down to pursue new opportunities after holding the CEO post for two years.