Higher contributions from operating segments lift IGB’s 1Q net profit by 31%
Revenue from the hotel segment more than doubled to RM58.
MRCB posts lower 1Q profit on completion of DASH highway project
The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.
KLCCP Stapled posts higher 1Q net profit, declares 8.5 sen dividend
The group — comprising KLCCP and KLCC REIT — saw quarterly revenue grow 18.
YTL Corp posts flat 3Q net profit
Its property investment and development saw loss before tax narrowed due to the absence of a rental deferral programme which ended June 30, 2022, and the absence of unrealised foreign exchange loss on borrowings denominated in foreign currencies by YTL Hospitality REIT.
Pavilion REIT fixes private placement issue price at RM1.22, to raise RM720m
Pavilion REIT said the tranche 1 placement issue price represents a discount of 6.
GuocoLand names Noorbaizura as new MD
Noorbaizura Hermeyney, 43, has 20 years of working experience, which is primarily focused on investment and asset management, including experience in the real estate portfolios for public listed real estate investment trusts and government-linked companies.
Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
Axis acquired the property in 2014 for RM153.
UOA REIT posts weaker earnings on lower occupancy, higher expenditure
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
Sunway REIT’s 1Q NPI rises 16% to RM138m driven by retail segment
Gross revenue for the retail segment was 28.
