Amanah Harta Tanah PNB (AHP) is a Malaysian REIT that first listed in 1990 and has been paying a steady dividend to shareholders ever since. A total of 196.24 sen per unit or RM198.54 million has been distributed since 1990, with the highest distribution per unit (DPU) of 12.5 sen per unit paid in 1996. AHP has an average dividend yield of 6.4% from 2011 to 2016. AHP completed the acquisition of Mydin Seremban 2 for RM240 million in 2016. It is a three-year-old freehold property with a net lettable area of 390,803 square feet. The acquisition was funded by borrowings of RM140 million and the balance was raised via a rights issue. The issuance of 120 million new units was completed in January 2017. Besides Mydin Seremban 2, other properties AHP owns include Plaza VADS, a 24-storey office building with a four-storey podium block in ......