Hektar REIT in survival, recovery mode for rest of FY20

TheEdge Mon, Jun 29, 2020 05:44pm - 3 years View Original


KUALA LUMPUR (June 29): Hektar Real Estate Investment Trust (REIT) said it is in “survival plus recovery” mode for the rest of the financial year ending Dec 31, 2020 (FY20) as the group contends with the impact of Malaysia's movement control order (MCO) to curb the Covid-19 pandemic.

Hektar Asset Management Sdn Bhd executive director and chief executive officer Datuk Hisham Othman, speaking on behalf of the REIT's manager, said the REIT’s priority is to ensure that its cash flow is maintained, which involves tenants being able to continue operating at its malls.

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