Pavilion REIT 4Q NPI rises 10.2% on lower property expenses and higher revenue
Pavilion REIT declared a final distribution per unit (DPU) of 2.52 sen, versus the 4.1 sen DPU declared in 4QFY19.
Pavilion REIT declared a final distribution per unit (DPU) of 2.52 sen, versus the 4.1 sen DPU declared in 4QFY19.
It posted a net loss of RM41.84 million for the fourth quarter ended Dec 31, 2020.
IGB REIT said the outlook for business recovery for the retailers did not look promising.
"Perhaps tomorrow, it will be lower than 1.06."
This comes after the apex court bench questioned if the lower courts' decision in applying Section 18C to oust the challenge was correct or not.
Upside risk: overall recovery in retail malls. Downside risk: prolonged lockdown measures.
The appellate court also fixed March 5 as another case management date before the appeal is heard in April.
The company’s management is unable to determine now the actual losses to be incurred by the firm from the fire incident.
"The essence of the informal discussion with MITI was aimed to raise awareness about how the business community can play a role in flattening the Covid-19 curve."
Eight of these clusters are workplace-related, while one cluster was found at a detention centre.