BEAMSTART Logo

YTL REIT’s NAV per unit up 8% following revaluation

The Star Business LogoThe Star Business1w ago

YTL REIT’s NAV per unit up 8% following revaluation

Quick Summary

PETALING JAYA: A revaluation exercise by YTL Hospitality REIT (YTL REIT) on 15 of its properties has resulted in an aggregate valuation increase of RM212.04mil.

Seremban Engineering wins works contract worth RM172.

In a filing with Bursa Malaysia yesterday, YTL REIT said the revaluation exercise increased the company’s and its subsidiaries’ unaudited net asset value (NAV) per unit from RM1.5562 per unit as at May 31, 2022 to RM1.6806 per unit.“The properties were revalued pursuant to the policy of revaluing the properties at least once during each financial year, which is in accordance with the requirements of Securities Commission's guidelines on the listed real estate investment trusts," it said.


More Pictures


or

Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Evaluation YTL REIT /Business/Business News Corporate News NAV

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 20:35:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 1 minutes read

Article Length: 114 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6022

View Article Analysis

About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.