Listed in 2012, IGB REIT owns and derives income from two retail malls situated at Kuala Lumpur. Collectively, they offer a net lettable area (NLA) of 2.67 million sq. ft. and were valued at RM 4.96 billion as of 31 December 2018. Therefore, it is one of the biggest REITs listed in Malaysia. In this article, I’ll cover on its latest financial results and valuation figures.

Here are 10 things to know about IGB REIT before you invest:

Breakdown of Portfolio Valuation 2018
IGB REIT’s retail malls are MidValley Megamall (MVM) and the Gardens respectively. Both of them are located adjacent to each other. Here, the breakdown of IGB REIT’s portfolio valuation for 2018 is as follows:
No.
Retail Malls Valuation 2018
(RM Million) Valuation 2018
(%) 1 MVM 3,665 73.9% 2 The Gardens 1,295 26.1% IGB REIT’s Portfolio Valuation 4,960 100.0%

Source: IGB REIT’s Annual Report 2018

Property 1: MVM
Midvalley MegaMall is...