Al-'Aqar Healthcare Buys Three Hospitals

News about Al-'Aqar Healthcare REIT

Al-'Aqar Healthcare REIT is announcing the purchase of three healthcare properties from KPJ Healthcare for RM192 million, along with a unit placement exercise:

In a Bursa Malaysia filing, Al-'Aqar Healthcare REIT said it is buying TMC Healthcare Centre Building in Taiping, Perak for RM14.3 million in cash and KPJ Seremban Specialist Hospital Building for RM84.7 million in cash.

The real estate investment trust (REIT) is also buying Pasir Gudang Specialist Hospital in Johor for RM93 million, to be satisfied by a combination of a cash payment of RM67.99 million and the issuance of 20.5 million new units in the REIT at RM1.22 per unit.

Al-'Aqar Healthcare REIT
Price1.290 MYR
NAV1.257 MYR
Yield (4 quarters)6.12%