KUALA LUMPUR: Sentral Real Estate Investment Trust said it will remain focused on asset management and leasing strategies that are centred on cost optimisation and tenant retention.
"Efforts will be intensified to market the available office spaces under the portfolio with the focus on bringing in new tenants from the IT, e-commerce, serviced office and shared services sectors," it said.registered a net income of RM19.9mil, which compares to RM17.66mil in the previous corresponding quarter, translating to an earnings per share of 1.66 sen against 1.65 sen.
The REIT said the improved revenue was mainly owing to higher realised revenue from Sentral Building 4, Platinum Sentral and Sentral Building 3 – BMW as well as revenue contribution from Menara CelcomDigi for the full quarter, net of higher property expenses and finance cost. Of the 46,000 sq ft of leases expiring in 1Q24, the REIT said it had successfully renewed about 38,500 sq ft or 93% of the committed NLA.portfolio occupancy was stable at 88% as at March 31, 2024, compared to portfolio occupancy of 89% recorded in the previous quarter.
Source: Tech Daily Report (techdailyreport.net)
Sentral REIT Income Tenancy
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sabah Customs seizes smuggled alcohol worth over RM1.9mil at Sepanggar PortKUALA LUMPUR: The Employees Provident Fund (EPF) is evolving, shifting from a traditional focus on savings for retirement to a delicate balancing act between ensuring adequate retirement savings and supporting the economic survival of their members.
Source: staronline - 🏆 4. / 75 Read more »
Customs foils RM1.9mil beer smuggling attempt at Sepanggar PortKota Kinabalu: The Sabah Royal Malaysian Customs Department (RMC) foiled an attempted smuggling of liquor worth RM1.9 million including tax at the Sepanggar Port recently.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
– KL Sentral route to operate with 15 minutes frequency from next Mon, April 22This is huge and much-awaited news for those who live north of the Klang Valley. KTM has announced that the Komuter Tanjung Malim – KL Sentral route will operate with a frequency of 15 minutes …
Source: paultan - 🏆 22. / 51 Read more »
Axis REIT to acquire two properties in Klang for RM351.8milMalaysia's leader on April 22 announced plans to build a massive semiconductor design park, aiming to boost the South-East Asian nation's role in the global chip industry.
Source: staronline - 🏆 4. / 75 Read more »
Positive earnings outlook for Axis REITThe convenience of online shopping is hard to beat. But it uses a lot of energy and resources and can lead to more waste.
Source: staronline - 🏆 4. / 75 Read more »
OKU Sentral expresses disappointment, disputes use of ‘specially abled’ terminologyKUALA LUMPUR: OKU Sentral today expressed disappointment and opposition to Senator Isaiah Jacob’s persistent advocacy for the term ‘specially abled’, ...
Source: theSundaily - 🏆 25. / 51 Read more »