News about reit

KUALA LUMPUR (March 20): The average yield for Malaysian real estate investment trusts (REITs) is now at its highest since 2016, which may prompt investors to wonder if it’s a good time to place their money in REITs.

Pavilion Real Estate Investment Trust (March 15, RM1.

YTL Hospitality Real Estate Investment Trust (March 12, RM1.

PETALING JAYA (March 8): Axis REIT Managers Bhd head of investment Siva Shanker expects the performance of third-tier shopping malls to worsen, with these spaces eventually becoming store rooms for e-commerce businesses, if they do not stay relevant.

KUALA LUMPUR (March 1): KIP Real Estate Investment Trust (KIP REIT) chief financial officer (CFO) Chan Heng Wah has been promoted to chief executive officer (CEO) of the company effective immediately.

KUALA LUMPUR (Feb 28): Sunway Construction Group Bhd’s (SunCon) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.

KUALA LUMPUR (Feb 22): Azlan Baqee Abdullah has been appointed as the new chief operating officer (COO) of AmFIRST Real Estate Investment Trust (AmREIT).

KUALA LUMPUR (Feb 21): Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) net income rose 87% year-on-year to RM48.

KUALA LUMPUR (Feb 15): Amanahraya Real Estate Investment Trust (REIT)’s distribution per unit (DPU) for the fourth quarter ended Dec 31, 2017  (4QFY17) fell 5.

KUALA LUMPUR (Feb 14): Property investment group Goldis Bhd — which is in the midst of a takeover of IGB Corp Bhd — revealed that its fourth-quarter (4Q) net profit tripled year-on-year (y-o-y), thanks to better performance of its retail property investments and a disposal gain.