The Securities Commission Malaysia has announced an extension to the deadline for issuing a Real Estate Investment Trusts (REITs) annual reports from two months to four months.
The regulator in a statement said the new timeline allows for four months after its financial year end. This adjustment1 it said aligns the reporting timeline for listed REITs with that of public-listed companies on Bursa Malaysia Securities, granting them equal time for annual report issuance.
Recognising the similarities in content requirements, this move SC said ensures consistency across both types of entities. Despite the extended timeline, unit holders of listed REITs will still receive financial information within two months after the REIT’s financial year end through its quarterly announcements on Bursa Malaysia.
