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Pavilion REIT Climbs Over One-month High, Analysts Say Earnings Growth on Track
Pavilion Real Estate Investment Trust rose to its highest in more than a month after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.
Pavilion REIT Posts Higher DPU for Q1
Pavilion Real Estate Investment Trust (KLSE:PAVREIT) distribution per unit rose to 0.0248 ringgit in the first quarter from 0.0237 ringgit a year earlier, according to a Thursday Malaysian bourse fili
AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec
Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:
PavREIT's 1Q NPI Jumps 33%, Pays 2.48 Sen Distribution per Unit
Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.
PavREIT Says Pavilion KL, Elite's Footfalls Unaffected by Opening of TRX Mall
While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.
Cosmos, PGF, PavREIT, Suncon, MNRB
KUALA LUMPUR (Feb 5): theedgemalaysia.com highlighted two stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Monday. The stocks with positive momentum were: Cosmos Technology International Bhd — up half a sen or 0.95% t...