"Earnings for retail REIT will continue to be supported by positive rental reversion as the retail industry remains buoyant with strong shopper footfalls at malls," said MIDF, which has six REITs under its coverage.
The proposed placement involves up to 15.
In a bourse filing on Thursday, the trust said Pacific Trustees Bhd, acting as its trustee, has entered into four separate sale and purchase agreements (SPAs) for the acquisitions.
The group’s Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, recorded notable increases of 8% and 11% in quarterly revenue and profit before tax respectively.
The REIT's trustee, RHB Trustees Bhd, has entered into agreements to buy the assets located in the Pulau Indah Industrial Park from Malconrep Depot (M) Sdn Bhd and Dayang Mewah Sdn Bhd, according to a bourse filing on Wednesday.
The leasehold land, expiring in October 2112, includes a single-storey hypermarket, basement car park and office, totalling 60,895 sq feet of lettable area.
Calls on the REIT’s units remained mixed following the latest quarterly results, although analysts flagged its appealing distribution yield as compared to the sector average.
RHB Bank also kept its "buy" call, with a dividend discount model (DDM)-derived target price of 91 sen.
Finance costs rose 44.
The REIT reported a 14.
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