KUALA LUMPUR: Hektar Asset Management Sdn Bhd, manager for Hektar Real Estate Investment Trust (Hektar REIT), continues to unlock value in neighbourhood retail malls through achieving an occupancy rate of 96.2 per cent as at end of last year. “Hektar REIT has shown a decade of stability, providing unitholders with solid performance and undisrupted quarterly income distributions. Hektar REIT is a retail-focused REIT in Malaysia, focused on investing and managing commercial retail properties. Hektar REIT is currently undertaking a total asset enhancement initiative (AEI) value of RM62 million where up to 45,000 square feet of Net Lettable Area (NLA) will be created. Hektar REIT maintains a distribution policy of at least 90% of distributable net income.

Source: New Strait Times April 26, 2017 12:33 UTC