JOHOR BAHRU: Industrial REIT AME Real Estate Investment Trust (AME REIT) recorded a 6.7% increase in net property income (NPI) to RM11.4 million in the first quarter ended June 30, 2024 (1Q25) from RM10.7 million in the previous corresponding quarter (1Q24). The growth was driven by a 8.2% rise in rental income to RM12.3 million from RM11.4 million previously, attributed to contribution from an...
REIT
KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has entered into a conditional sale and purchase agreement with DPulze Ventures Sdn Bhd for the proposed acquisition of DPulze Shopping Centre in Cyberjaya for RM320 million cash. The seven-storey commercial building has two basement levels and comprises a supermarket, retail spaces, a cinema, a fitness centre and an entertainment centre. It...
BILLIONAIRE Barry Sternlicht is convinced the real estate market will rebound with just a bit more time. Many investors in his US$10bil Starwood Real Estate Income Trust aren’t so sure – and want their money back now.That tension, between Starwood Capital Group’s chief executive who hates the idea of selling...
PETALING JAYA: UOA Real Estate Investment Trust (UOA REIT) expects the office rental market to remain challenging, amidst escalating cost of doing business and influx of new office supply. In a filing with Bursa Malaysia, the company said that while it endeavours to improve the occupancy rates for buildings with higher...
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is proposing to acquire an industrial complex and an open storage yard in Klang, Selangor from Amsteel Mills Sdn Bhd (AMSB) for RM351.8mil. In a filing with Bursa Malaysia, Axis-REIT said it had entered into two sale and purchase agreements with AMSB) for the...
PETALING JAYA: UOA Real Estate Investment Trust (UOA REIT) will continue to actively manage the properties in its portfolio with prudent capital management to maximise yields for unitholders. In a filing with Bursa Malaysia, UOA REIT economic growth and the soft market conditions remain pivotal factors influencing the...
PETALING JAYA: KIP Real Estate Investment Trust (KIP REIT) registered a gross revenue of RM22.4 million for the first quarter ended Sept 30, 2023 (Q1’24) which translated to a 15.6% increase compared with RM19.3 million in the preceding year’s corresponding quarter. Net property income rose by 15.2%, year-on-year, to RM16.5 million. KIP REIT reported an 18.2% increase in realised profit after tax...
PETALING JAYA: Sunway REIT’s net profit decreased to RM72.19 million in the second quarter ended June 30, 2023 (Q2’23) compared with RM74.51 million in the corresponding quarter in the previous year, due to higher finance costs from the overnight policy rate increases in 2022 and May 2023. Revenue rose to RM166.53 million compared with RM144.51 million in the same quarter last year, primarily...
JOHOR BARU: Shariah-compliant industrial REIT AME Real Estate Investment Trust (AME REIT) is aiming for 100% renewal of the 12 leases expiring in the financial year ending March 31, 2024 (FY2024) to reinforce the REIT’s future earnings. Of the 12 leases, AME REIT has successfully renewed leases with five existing tenants, obtained one replacement tenant, and confirmed lease renewals with six existing...
PETALING JAYA: Atrium Real Estate Investment Trust (Atrium REIT) is maintaining a cautious front due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks. Despite the uncertainties, the REIT told Bursa Malaysia that its portfolio...