Hektar-REIT’s RM31mil maiden industrial asset offers yield of 7.5%

Quick Summary:

PETALING JAYA: Hektar Real Estate Investment Trust's (Hektar-REIT) acquisition of an industrial property in Bayan Lepas, Penang, is yield-accretive, offering a yield of 7.5%.

Upgrading the stock to “hold” with a higher target price of 48 sen, the research house said it is raising its FY25 and FY26 forecasts by 2.2% and 4.3%, respectively.

However, HLIB Research said it remains concerned about the high tenancy expiry profile in the retail segment, with a significant portion of net lettable area set to expire in the coming years.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Hektar REIT /Business/Business News Corporate News Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 00:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

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