The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.
Research houses said the group's financial earnings for the quarter came in within their expectations, thanks to all segments of the group, particularly its hotel and management segments, showing strong financial performance for the quarter.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — saw quarterly revenue grow 7.
Earnings per unit for the third quarter ended Sept 30, 2023 (3QFY2023) declined to 2.
YTL Corp also operates in the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
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.
Looking ahead, the new offerings at Sunway Resort Hotel are expected to widen the REIT’s customer base and increase its market share.
Gross revenue for the quarter increased by 11.
The industrial REIT proposed an interim distribution of 1.
The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.
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