IGB

IGB Bhd Anticipates Hotel Segment Recovery Driven by Boulevard Hotel Reopening

IGB Bhd is expecting a positive turn in its hotel sector, largely driven by the reopening of its 390-room Boulevard hotel nestled in Mid Valley City, scheduled for July 2023. The company's hotel segment will also be boosted by a year-round contribution from St. Giles Southkey hotel in Johor Bahru, which commenced operations on August 31, 2022. The St. Giles Southkey is part of the Mid Valley Southkey,...

IGB REIT’s 1Q property income up 10% as rental earnings climb; pays 2.80 sen DPU

IGB Real Estate Investment Trust (IGB REIT), which operates the Mid Valley Megamall and The Gardens Mall here, posted a net property income of RM118.56 million for the first quarter ended March 31, 2023 (1QFY2023), up 10% from RM107.71 million in the same quarter a year ago, as the REIT recorded higher rental income. Revenue grew 15.55% to RM154.62 million from RM133.81 million,...