MRCB-Quill REIT 2Q net profit up 16% to RM19.08m, declares 3.43 sen DPU
KUALA LUMPUR (Aug 14): MRCB-Quill REIT's (MQREIT) net profit for the second quarter ended June 30, 2020 rose 16% to RM19.
Analysts stay neutral on M-REITs after gearing limit temporarily raised to 60%
KUALA LUMPUR (Aug 13): Analysts have maintained their "neutral" rating of Malaysian real estate investment trusts (M-REITs) following news that the Securities Commission Malaysia (SC) will temporarily increase the gearing limit for M-REITs from 50% to 60%.
Malaysian retail REITs to see light at end of tunnel
KUALA LUMPUR (Aug 12): A gradual recovery is underway in the retail industry, which is signalling Malaysian real estate investment trusts (REITs) in the retail space are set to see light at the end of the tunnel after the pandemic-induced slump.
SGX set to launch Asia’s first REIT futures
KUALA LUMPUR (Aug 5): The Singapore Exchange (SGX) yesterday said it is “pioneering Asia’s first international real estate investment trust (REIT) futures” based on indices tracking REITs listed in Singapore, Hong Kong, Malaysia and Thailand, reported The Edge Singapore.
Worst probably over for Sunway REIT as analysts see earnings recovery
KUALA LUMPUR (Aug 4): The worst is probably over for Sunway Real Estate Investment Trust (Sunway REIT), analysts said today, as they expect the property trust’s earnings to recover in the coming quarters after the group contended with the impact of the Covid-19-driven movement control order (MCO) in Malaysia to curb the outbreak.
YTL REIT's 4Q net property income falls 26.5%, declares 2.8373 sen DPU
KUALA LUMPUR (July 31): YTL Hospitality Real Estate Investment Trust’s (YTL REIT) net property income fell 26.
KIP REIT 4Q NPI up 17%, declares DPU of 1.53 sen
KUALA LUMPUR (July 29): KIP Real Estate Investment Trust (KIP REIT)’s net property income (NPI) grew 17% to RM13.
Pavilion REIT's 2Q NPI down 57% as MCO-induced rental rebates bite into earnings
KUALA LUMPUR (July 23): Pavilion Real Estate Investment Trust (REIT) said its net property income (NPI) for the April-June quarter declined 57.
IGB REIT's 2Q net property income tumbles 62%, to distribute 0.62 sen per unit
KUALA LUMPUR (July 21): IGB Real Estate Investment Trust (REIT), the owner of the Mid Valley Megamall and The Gardens Mall, has posted a steep decline in revenue and earnings for the second quarter ended June 30, 2020 (2QFY20).
.jpg)
Despite BNM OPR cut, HLIB downgrades M-REITs as Covid-19 impairs earnings
KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.
