IGB Commercial Real Estate Investment Trust
MMYX:IGBCR0.61
MYR
0.00
(0.00%)
ISIN
MYL5299TO001
Return %
Stock
S&P 500
1Y
-3.97
14.39
3Y
22.22
81.42
5Y
-9.02
68.62
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Lai Sim Chai
- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Sep 20, 2021
- Website
- igbcomreit.com
- Similar Companies
- Business
- IGB Commercial Real Estate Investment Trust is a Malaysia-based real estate investment trust specializing in the investment, ownership, and management of prime, income-producing commercial real estate assets. Established in 2021 and headquartered in Kuala Lumpur, Malaysia, the trust is sponsored by property developer IGB Berhad and externally managed by IGB REIT Management Sdn Bhd. IGB Commercial REIT operates within the commercial property sector, catering to multinational corporations, financial institutions, professional services firms, technology enterprises, and retail tenants across prime urban business hubs. The trust's core products and service offerings include prime grade-A and commercial office space leasing; retail podium and ground-floor commercial space tenancy; structured car park and vehicular management operations; and end-to-end property maintenance, tenant integration, and asset management services. Its asset portfolio comprises approximately 3.5 million square feet of net lettable area across 10 commercial properties strategically concentrated in two prime commercial clusters: the Mid Valley City integrated hub, encompassing Southpoint Offices & Retail, The Gardens North Tower, The Gardens South Tower, Centrepoint North, Centrepoint South, Menara IGB & IGB Annexe, and Boulevard Offices & Retail; and the Kuala Lumpur City Centre and Golden Triangle business district, comprising GTower, Menara Tan & Tan, and Hampshire Place Office. In recent developments, IGB Commercial REIT achieved a 100% green-certified portfolio milestone across all 10 properties under recognized environmental frameworks such as GreenRE and BCA Green Mark, establishing it as the first Malaysian commercial office REIT to achieve full portfolio green accreditation. The trust has also advanced comprehensive asset enhancement initiatives across its key buildings, incorporating energy efficiency retrofits, modernized building management systems, and smart workplace amenities to capitalize on tenant flight-to-quality demand. Operationally, the trust executed a key leadership transition with the reappointment of veteran executive Chai Lai Sim as Chief Executive Officer and received approval from Bursa Malaysia Securities for a 20% public unitholding spread framework to optimize capital structure and liquidity.