IGB Real Estate Investment Trust (5227.KL)

1.8300 +0.0296 (+1.64%) At close: 04:50PM MYT

IGB Real Estate Investment Trust

Level 32, The Gardens South Tower
Mid Valley City, Lingkaran Syed Putra
Kuala Lumpur 59200
Malaysia
60 3 2289 8989
https://www.igbreit.com/

Sector(s): Real Estate
Industry: REIT - Retail
Full-time employees: 356

Key executives

Name	Title	Pay	Exercised	Year born
Ms. Hui Ning Tan	CEO & Non-Independent Executive Director of IGB REIT Mgmt. Sdn Bhd	539.15k	N/A	1983
Ms. Mei Sian Tan	Head of Strategy & Risk and Non-Independent Executive Director of IGB REIT Management Sdn Bhd	472.64k	N/A	1983
Ms. Lai Sim Chai	Chief Financial Officer of IGB REIT Management Sdn Bhd	N/A	N/A	1961
Mr. Yeng Keet Chow	Head of Investment - IGB REIT Management Sdn Bhd	N/A	N/A	N/A
Mr. Tan Chai	Senior Group General Manager	N/A	N/A	N/A
Ms. Lai Yin Chan	Head of Compliance & Company Secretary of IGB REIT Management Sdn Bhd	N/A	N/A	N/A
Mr. Chen-I Yong	Joint Chief Operating Officer of Mid Valley Megamall - IGB REIT Management Sdn Bhd	311.19k	N/A	1971
Mr. Chai Huat Ko	Head of Marketing of Mid Valley Megamall - IGB REIT Management Sdn Bhd	N/A	N/A	N/A
Ms. Hui Chween Tan	Head of Marketing of the Gardens Mall - IGB REIT Management Sdn Bhd	N/A	N/A	N/A
Ms. Chai Tin Lee	Joint Deputy Chief Executive Officer of IGB REIT Management Sdn Bhd	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in MYR.

Description

Established on 25 July 2012, IGB REIT is a Malaysia-domiciled real estate investment trust. Listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa) on 21 September 2012, it owns income producing real estate that is used for retail purposes in Malaysia and overseas. Comprising two malls – Mid Valley Megamall (MVM) and The Gardens Mall (TGM) – located in the Klang Valley, IGB REIT's portfolio has a total net lettable area (NLA) of approximately 2.69 million square feet (sf), and as at 31 December 2023, had a market capitalisation of RM6.19 billion. Its investment properties are independently valued at RM5.186 billion. IGB Berhad is the major unitholder of IGB REIT with a unitholding of 48.13% as at 31 December 2023.

Corporate governance

IGB Real Estate Investment Trust’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.