News about reit

The group said property expenses for 4QFY2023 were higher by 18.

In a note on Thursday (April 13), the research house initiated a target price of RM1.

The company said with the appointment, Ong has been mandated to spearhead KIP REIT’s business strategies, operational plans and corporate exercises to strengthen KIP REIT’s position as a highly respected and professionally managed REIT.

Going forward, Hektar REIT executive director and chief executive officer Johari Shukri Jamil shared that there are 94 tenants covering 528,121 sq ft of space that is set to expire in 2024, followed by 58 tenants with 187,202 sq ft expiring in 2025.

The group recorded a net profit of RM782.

It is also an 8.

According to a bourse filing, the REIT said the resolution was duly passed at its extraordinary general meeting (EGM) on Wednesday (March 22) after 134 unitholders who collectively hold 539.

The performance of retail REITs is expected to remain steady, particularly for REITs with malls in good locations, such as IGB REIT, Sunway REIT, Pavilion REIT and KLCCP Stapled Group.

In a note on Friday (March 17), the research house said it was “mildly positive” with Sunway REIT’s proposal to acquire six Giant hypermarkets/retail complex from the Employees Provident Fund (EPF) for a total cash consideration of RM520 million.

The properties to be acquired by Sunway REIT are six strategically located hypermarkets/retail complexes in the Klang Valley and Johor.