News about reit

KUALA LUMPUR (Jan 24): IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter (4Q) ended Dec 31, 2018 slipped 9.

KUALA LUMPUR (Jan 223): Axis Real Estate Investment Trust’s (Axis REIT) net property income (NPI) grew 50.

CapitaLand Malaysia Mall Trust (Jan 3, RM1.

  KUALA LUMPUR (Jan 3): Stocks on Bursa Malaysia have endured a roller-coaster ride last year, with some creating big losses to investors on one day.

  In a survey conducted by The Edge of seven leading real estate experts, the most hotly anticipated deals for 2019 were discussed.

KUALA LUMPUR (Dec 21): Chairman of national oil firm Petroliam Nasional Bhd (Petronas) Datuk Ahmad Nizam Salleh (pictured) has been appointed the non-independent non-executive chairman of KLCC Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) Ahmad Nizam, 62, was appointed to chair Petronas on Aug 2, 2018.

KUALA LUMPUR (Nov 21): Paramount Corp Bhd reported an 81% drop in its net profit to RM15.

  KUALA LUMPUR (Nov 13): AirAsia Group Bhd will not invest in the proposed airport real estate investment trust (Airport REIT) as the low-cost carrier does not want to lose focus on its airline business, said chief executive officer (CEO) Tan Sri Tony Fernandes.

KUALA LUMPUR (Nov 12): Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) suggested the government consider increasing the free float of the Airport REIT (AREIT) to more than 30% of the proposed stake, in line with the Bursa Malaysia's priority to attract higher foreign participation in the local capital market.

Aviation sector  Downgrade to neutral from overweight: The government intends to set up the world’s first Airport Real Estate Investment Trust (AREIT), enabling it to raise RM4 billion based on a 30% stake sale to private investing institutions.