News about reit

Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.

In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.

For both MOUs, Pavilion REIT noted that a corporate green power agreement (CGPA) is to be executed within 60 days of approval from the Energy Commission to participate in the CGPP.

The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.

The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.

For the first half ended June 30, Sunway REIT’s NPI advanced 12.

"These office assets continued to anchor the group’s stable performance, recording an increase in revenue and PBT of RM145.

The analysts made their forecast after the REIT posted a net property income of RM29.

In a filing to Bursa Malaysia on Thursday (Aug 10), the group reported that property operating expenses for the second quarter of 2023 (2Q2023) were RM9 million, marking a 4.

Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing tenants, which will be finalised by end-FY2024.