According to MQREIT CEO Yong Su-Lin, RM335mil in borrowings due on March 30 was successfully refinanced for another five years, thereby increasing the debt average term to maturity to 3.32 years.
KUALA LUMPUR: MRCB-Quill Real Estate Investment Trust’s (MQREIT) net income of RM19.79mil in the first quarter ended March 31,2020, was 2% higher than in the previous corresponding quarter on the back of higher revenue and lower expenses.
Revenue for the quarter rose 1.2% to RM42.22mil from RM41.72mil in the comparative quarter.
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