Recently, there has been a reshuffling where Axis has named Nabhesh Khanna as chief executive officer Nabhesh is an Indian national who had over 18 years of experience, including two years of production experience in industrial products in multinational companies.
Meanwhile, Managing director Datuk Dr Aw Yuan Meng had been redesignated vice-chairman

Among the potential REITs that may list on Bursa Malaysia next year are Sunway City Bhd’s (SunCity) REIT and Singapore’s CapitaLand Ltd REIT. (Currently, Malaysia has 13 REITs listed on Bursa Malaysia with an estimated market capitalisation of RM4.1 billion as at January 2009.)
According to REITs experts, the present high yields of #9% of Reits […]

Trading firm Itochu Corp plans to buy Nippon Residential Investment Corp and merge it with its own real estate investment trust to make the fourth-largest listed REITItochu plans to combine Nippon Residential with its REIT, Advance Residence Investment Corp, to improve investment efficiency. The deal would be the first merger of REITs in Japan, which […]

Am ARA REIT Managers Sdn Bhd , property Manager announced the financial performance of  its AmFIRST Real Estate Investment Trust (AmFIRST):-
·          Posted revenue of RM23.65 million for the first quarter ended 30 June 2009, a 5 per cent increase from RM22.52 million registered in the previous corresponding quarter. Net property income for the period grew […]

According to the latest Asian Public Real Estate Association’s weekly REIT report, Asia’s REIT industry has a market capitalization of USD58.86bil, with Japan taking the lead with USD30.5bil
Malaysia with 11 REITS has a USD1.43bil in market capitalization which is way behind others like Singapore (USD15.1bil); Hong Kong(USD8.3bil); Taiwan(USD1.53bi) and Thailand(USD1.52bil)
[ For the Malaysia REITs, it […]

It would be interesting note that at 18 August 2009, the total returns from the eleven(11) Malaysian REITS are as follows:

REITS PERFORMANCE AGAINST LAST YEAR

Lowest Price Last Year

Name

Close @ 19/8/09

Increase agst Last Year’s Low

Dividend Yield

1.00

Axreit

1.78

79%

8.60

0.73

Hektar

1.11

52%

9.20

0.88

UOAreit

1.25

42%

8.00

0.83

TWRREIT

1.13

36%

8.30

0.99

BSDreit

1.32

33%

8.40

0.74

Amfirst

0.95

29%

9.30

0.60

Atrium

0.77

28%

10.90

0.78

ALAQAR

0.97

24%

8.40

0.80

Qcapita

0.98

23%

7.70

0.70

Stareit

0.85

21%

8.10

0.68

Arreit

0.76

12%

9.30

Some of the REITS had bounced back from their lows in December last year and some are showing remarkable growth in total […]

REIT Management Sdn Bhd, the manager of Tower REIT announced that Tower REIT would acquire the RM78 million junior bonds, which were issued by Injaz AsiaEquity Property under an asset securitisation exercise, for a total consideration of RM157.5 million. It will also acquire a call option for RM1 and the Kenanga International building for RM120 […]