IGB REIT’s 3Q NPI jumps 81%, declares 2.44 sen DPU
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
The REIT, which owns the Mid Valley Megamall and The Gardens Mall, declared a distribution per unit of 2.
Quarterly revenue grew 26.
Going forward, executive director Datuk Eric Ong Kook Liong said the REIT's core strategy will be to continue to pursue high quality accretive acquisitions to support sustainable distribution payout to unitholders.
The real estate investment trust (REIT) said distributable income for the quarter amounted to RM22.
Industry leaders and experts were invited to share and discuss issues that could impact the industry globally as well as domestically.
Axis REIT reported a revenue of RM71.
Sentral REIT did not specify how much builder and property developer MRCB will pay for QRH's 39% stake in SRM.
The associations raised the question as to why the EC requires such a large amount in deposit when the building owners are accountable for any replacement work.
This was after AME REIT, the REIT arm of industrial property developer AME Elite Consortium Bhd had made its debut on Bursa Malaysia on Tuesday.
The industrial premise comprises two warehouses and a three-storey annexed office building, all on a 268,581 sq ft freehold land.