News by M

Axis Real Estate Investment Trust’s (KL:AXREIT) latest asset in its shopping cart will be earnings accretive as it comes with a reasonable price tag, analysts said.

Axis Real Estate Investment Trust (Axis‑REIT) is proposing to acquire a fully occupied distribution centre in Bandar Saujana Putra, Selangor, from courier and logistics player City‑Link Express (M) Sdn Bhd for RM128 million in cash.

Tower Real Estate Investment Trust (KL:TWRREIT) announced on Thursday the appointment of Douglas Richard Fyvie Crichton as the new chief executive officer of the trust's management company, GLM REIT Management Sdn Bhd, with immediate effect.

Pesona Metro Holdings Bhd reported revenue of RM705.9 million and profit before tax (PBT) of RM66.0 million for FY2025. Its property development division recorded PBT of RM43.3 million during the financial year.

Ajiya Bhd has booked a gain of about RM14.3 million from the disposal of its shares in Tanco Holdings Bhd, reducing its position during a decline in the property developer’s stock.

Gamuda Bhd’s (KL:GAMUDA) net profit rose 4.51% in the third quarter ended April 30, 2026 (3QFY2026), underpinned by stronger contributions from its domestic construction activity.

Glomac Bhd (KL:GLOMAC) posted a more than fourfold increase in its fourth-quarter net profit, driven by higher progress billings and prudent cost management despite ongoing external cost pressures.

An independent auditor had submitted two forensic reports regarding allegations about the Battersea Power Station project’s overvaluation of investment assets, concluding that the claims raised are unfounded, and therefore, there is no need for further investigation into Battersea Project Holding Company, the Ministry of Finance (MOF) said.

The Ministry of Housing and Local Government (KPKT) has allocated RM216.44 million to Johor under the 13th Malaysia Plan (RMK-13), Rolling Plan 1 (RP1) 2026, to support housing development, public infrastructure and community wellbeing.

Mah Sing Group Bhd has recorded its strongest annual property sales in a decade at RM2.51 billion for the financial year ended 2025 and set a RM2.76 billion property sales target for 2026.