5 Things To Know About IGB Real Estate Investment Trust
IGB Real Estate Investment Trust (KLSE: 5227) is a Malaysia based real estate investment trust (REIT) focusing on retail properties. It has two properties in its portfolio, namely Mid Valley Megamall (MVM) and The Gardens Mall (TGM).
In our previous article here, we saw a brief introduction to IGB REIT. In this article, we will follow up with a few things about the REIT that might be useful for investors.
Investment limits
Source: IGB REIT 2016 Annual Report
Distribution policy
For IGB REIT, its distribution policy states that at least 90% of IGB REIT’s income must be distributed in a year, either semi-annually or at other intervals at the manager’s discretion.
This policy is similar to most Singapore REITs.
Borrowing limitations
Source: IGB REIT 2016 Annual Report
In Singapore, REIT’s borrowing limit is capped at 45%.
Manager and trustee fees
Source: IGB REIT 2016 Annual Report
Property tenure
Both properties have a leasehold period of 99 years expiring on 6th June 2103.
Conclusion
The above are five quick information about IGB REIT. Investors who find this REIT interesting should carry out further research before committing their capital.
