Aspen Group reports 1HFY2024 earnings of RM94.6 mil
This brought earnings per share (EPS) from continuing operations to 9.
This brought earnings per share (EPS) from continuing operations to 9.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — saw quarterly revenue grow 7.
Going forward, Hua Yang is “optimistic” of an improvement in the property sector, but cautioned that the continuation of global geopolitical tensions and inflationary pressure on construction costs continues to challenge business operations.
With the additional rental from the three newly-acquired industrial properties, the industrial REIT’s net property income (NPI) grew 14.
The contraction in Sunway REIT’s NPI was attributed to higher reversal of doubtful debt provision recorded in 4QFY2022 and the impact of increased Imbalance Cost Pass-Through (ICPT) electricity charges across all segments.
The trust's revenue rose 57.
CLMT concluded its FY2023 with a set of a strong financial performances, with its net property income (NPI) surging 42.
Both REITs set Feb 15 as the ex-date for their DPUs, with the amount to be disbursed to unitholders on Feb 29.