Malaysia REIT: First Decade Development and Returns Characteristics

Wong, Yuen Meng

doi:10.2139/ssrn.2555174

Cited by 5 publications

(7 citation statements)

References 31 publications

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“…Malaysian REIT returns correlate more strongly with long-term rather than short-term interest rate changes in the post-Global Financial Crisis 2008/09 (GFC) period. This lends support to the notion that REITs are a form of long-term investment (Wong, 2015).…”

Section: Literature Reviewsupporting

confidence: 67%

Sale and Leaseback Investment Concepts in Malaysian REIT Companies

Ling

Aliasak

Alauddin

2019

E-BPJ

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Sale and leaseback investment has been a growing trend among the Real Estate Investment Trust (REIT) Companies in Malaysia. This study is to determine the important elements in the concepts of the sale and leaseback transactions practiced by the REIT companies. The study uses the NVIVO software to analyze the data interviews with the REIT managers that adopt sale and leaseback investment transactions. With a response rate of 78%, results show there are three main elements namely location, type of lease, and rental. This study forms a useful guide to real estate managers in developing countries towards using the sale and leaseback as one of the alternative methods in property investment.Keywords: sale and leaseback; property investment; REITeISSN: 2398-4287 © 2019. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open-access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.DOI: https://doi.org/10.21834/e-bpj.v4i12.1942

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Section: Literature Reviewsupporting

confidence: 67%

Sale and Leaseback Investment Concepts in Malaysian REIT Companies

Ling

Aliasak

Alauddin

2019

E-BPJ

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“…However, the poor regulatory and local structural circumstance, for instance, unattractive properties and lack of tax incentives were the main cause for the decline in the growth of LPTs (Choo, Hussain, Muhammad, & Chan, 2021). By the end of 2004, only three LPTs managed to survive in Malaysia (Wong, 2015). In 2005, a reconstructed Guidelines on REITs (RG) was introduced by the Securities Commission of Malaysia (SC) (Wong, 2015).…”

Section: Development Of Malaysia Reitsmentioning

confidence: 99%

“…By the end of 2004, only three LPTs managed to survive in Malaysia (Wong, 2015). In 2005, a reconstructed Guidelines on REITs (RG) was introduced by the Securities Commission of Malaysia (SC) (Wong, 2015). After submitting RG, the first M-REIT (Axis REIT) was recognized (Wong, 2015).…”

Section: Development Of Malaysia Reitsmentioning

confidence: 99%

“…In 2005, a reconstructed Guidelines on REITs (RG) was introduced by the Securities Commission of Malaysia (SC) (Wong, 2015). After submitting RG, the first M-REIT (Axis REIT) was recognized (Wong, 2015). In the year 2006, Malaysia has also established the world's first largest stapled Islamic REITs (Al-Aqar KPJ REIT) and at the same time, the world's first Islamic RG was also created by SC which is specifically tailored for Islamic REITs (Wong, 2015).…”

Section: Development Of Malaysia Reitsmentioning

confidence: 99%

“…After submitting RG, the first M-REIT (Axis REIT) was recognized (Wong, 2015). In the year 2006, Malaysia has also established the world's first largest stapled Islamic REITs (Al-Aqar KPJ REIT) and at the same time, the world's first Islamic RG was also created by SC which is specifically tailored for Islamic REITs (Wong, 2015). Until the year 2020, 18 REITs registered in the Bursa Malaysia stock market (Bursa Malaysia, 2020).…”

Section: Development Of Malaysia Reitsmentioning

confidence: 99%

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Corporate Governance Mechanisms with Firm Performance: A Study on Malaysia's and Hong Kong's Real Estate Investment Trust (REITs) Public Listed Companies

David

Chang

Low

2021

JGRCS

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Corporate governance (CG) mechanisms might have a significant effect on firm performance (FP). The purpose of this study was to evaluate if CG mechanisms impact the FP among Malaysia's REITs (M-REITs) and Hong Kong's REITs (H-REITs). The effect of CG's variable on FP can be analyzed by using Panel data analysis. Return on Assets (ROA), Return on Equity (ROE) and Tobin's Q were employed to measure the FP. Data were collected from the annual report available on Bursa Malaysia and the Stock Exchange of Hong Kong Limited for 2010 until 2019. The finding suggests that H-REITs were more significantly affected by CG mechanisms as compared to M-REITs.

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Property types diversification strategy of Malaysian real estate investment trust (M-REITs)

Ping

Jalil

2016

MATEC Web Conf.

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Abstracts The aim of this paper is to review the property types diversification strategy of Malaysian REITs. Previous study has found that Malaysian REITs received poor response form investors both local and international. Furthermore, the underperformance of Malaysian REITs was linked to the characteristics of REITs' property types and REITs' portfolio influenced its financial performance. The lack of local study on both of these determinants of influence on performance of Malaysian REITs is a research gap, which needs to be explored that can provide more insight of it. This study showed that the property types such as office space, commercial lot, industrial, hotel and specialized property type are the important determinants, which can influence the performance of REITs. The study comprised of REITs data from 2010 until 2014, and through Multiple Regression Analysis (MRA) reveals there is little influence of property types diversification strategy toward Malaysian REITs' performance. Nevertheless, by employ correlation analysis between each of the five property types with expected return and dividend yield, this study shows Malaysian REITs' performance of dividend yield(DY) has a positive correlation value with commercial lot property type and Malaysian REITs' performance of expected return(ER) have a highest positive correlation value with industrial property types. Also, this study suggests that property type diversification play a significant role in Malaysia REITs. Other determinants such as location of property, market capitalization and REITs' quality of advisory style that might influence the diversification strategy and financial performance of Malaysian REITs.

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Malaysia REIT: First Decade Development and Returns Characteristics

Cited by 5 publications

References 31 publications

Sale and Leaseback Investment Concepts in Malaysian REIT Companies

Sale and Leaseback Investment Concepts in Malaysian REIT Companies

Corporate Governance Mechanisms with Firm Performance: A Study on Malaysia's and Hong Kong's Real Estate Investment Trust (REITs) Public Listed Companies

Property types diversification strategy of Malaysian real estate investment trust (M-REITs)

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