Sentral REIT records net income of RM20.53mil, DPU of 3.21 sen

Quick Summary:

KUALA LUMPUR: Sentral Real Estate Investment Trust (REIT) is expecting the Klang Valley office and retail markets to remain challenging.

The REIT posted revenue of RM49.03mil, up from RM38.19mil in the comparative quarter, while earnings per share gained to 1.72 sen from 1.65 sen previously.

The annualised DPU translates to a yield of 8.02%, based on Sentral's closing price of 80 sen per share on June 28, 2024.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Income /Business/Business News Corporate News Tenancy Property Sentral REIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 13:43:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 342 words

Reading Time: 2 minutes read

Sentences: 15 lines

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Copyright Owner: © The Star

News ID: 21966462

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