IGB REIT declares 2.46 sen DPU as 4Q NPI climbs amid retail recovery; IGB Commercial REIT pays 1.49 sen as NPI drops
It declared a distribution per unit (DPU) of 2.
It declared a distribution per unit (DPU) of 2.
Prominent tenants are The Body Shop, Muji, L’OCCITANE, Starbucks Coffee, Roche (Malaysia), Accenture Technology Solutions, and Sunway Hotels.
The southern region remained as the highest revenue contributor to KIP REIT, with the three malls located in the region reporting a gross revenue of RM9.
Both REITs are managed by Damansara REIT Managers Sdn Bhd, a wholly owned subsidiary of Johor Corporation and supported by KPJ Healthcare Bhd.
The proposal comes as the 10-year master lease agreement that commenced on Dec 31, 2012 is set to expire on Dec 30 this year.
The winding-up process will involve the disposal of all assets and properties of Alpha REIT in accordance with the trust deed of Alpha REIT and the Securities Commission Malaysia’s REIT guidelines.
The company said the issue price represents a discount of approximately 3.
"Upon completion of the proposed acquisitions, AME REIT retains a premium portfolio of 37 properties containing freehold industrial properties and worker dormitories with steady tenancies.