IGB Real Estate Investment Trust. Stock Analysis IGBREIT.KL

IGB Real Estate Investment Trust invests in commercial real estate properties. The company is headquartered in Kuala Lumpur, Wilayah Persekutuan and currently employs 361 full-time employees. The company went IPO on 2012-09-21. The firm's investment objective is to provide the unitholders with regular and stable distributions, sustainable long-term unit price and distributable income and capital growth, while maintaining an appropriate capital structure. IGB REIT's principal investment policy is to invest, directly and indirectly, in a diversified portfolio of income producing real estate used primarily for retail purposes in Malaysia and overseas as well as real estate related assets. The firm's portfolio comprises two malls, Mid Valley Megamall (MVM); The Mall, Mid Valley Southkey (MVS Mall), and The Gardens Mall (TGM), which is located in the Klang Valley with a total net lettable area (NLA) of approximately 2.64 million square feet (sq ft). IGB REIT Management Sdn Bhd. serves as the manager for IGB REIT.