REIT deals hit RM2b in 2020, says report
KUALA LUMPUR (Dec 19): The value of transactions linked to real estate investment trusts (REITs) have reached about RM2 billion this year, The Edge Malaysia reported in its latest issue.
KL’s Lot 10 Property owner announces first perpetual bond issuance
KUALA LUMPUR (Dec 10): YTL Corp Bhd-controlled Starhill Global Real Estate Investment Trust (Starhill Global REIT), the assets of which include the Lot 10 Property and Starhill Gallery here, has announced its maiden issuance of perpetual securities or bonds worth S$100 million (about RM304 million) to enhance the financial flexibility of the property trust and diversify its funding sources.
YTL returns to the black in 1Q as utilities, cement manufacturing divisions improve q-o-q
KUALA LUMPUR (Nov 27): YTL Corp Bhd returned to the black in the first quarter ended Sept 30, 2020 (1QFY21) with a net profit of RM1.
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KLCCP Stapled Group CEO says Petronas lease extension will further reinforce stability
KUALA LUMPUR (Nov 20): KLCCP Stapled Group chief executive officer (CEO) Datuk Hashim Wahir said today the lease extension for Petronas Twin Towers and Menara 3 Petronas here by lessee Petroliam Nasional Bhd (Petronas) will further reinforce the KLCCP Stapled Group's stability, thus strengthening the latter's position in the market and boost its efforts in delivering value to its stakeholders in the long term.
Axis REIT buys three properties in Johor for RM28m in related party transaction
KUALA LUMPUR (Nov 20): Axis Real Estate Investment Trust (Axis REIT) is acquiring three properties in Johor in a related-party transaction for RM28.
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Report: Dim outlook for retail REITs
PETALING JAYA (Nov 14): With Conditional Movement Control Order (CMCO) firmly entrenched over the next few weeks amidst “persistently high” Covid-19 cases, concerns are growing about higher tenant dropout rates, reported The Edge Malaysia in its latest issue.
MRCB-Quill REIT says 3Q net property income up 9% year-on-year
KUALA LUMPUR (Nov 11): MRCB-Quill REIT's (MQREIT) third-quarter net property income rose 9% to RM32.
KLCCP Stapled sees partial recovery in 3Q, pays 7.5 sen dividend
KUALA LUMPUR (Nov 10): KLCCP Stapled Group posted a net profit of RM156.
Tenant drop-out an emerging risk for malls
KUALA LUMPUR: The permanent closure of the remaining two branches of departmental store Robinson in Malaysia has highlighted that the risk of tenant drop-out in retail malls is higher for departmental stores, according to CGS-CIMB Research analyst Sharizan Rosely.
