Pelaburan Hartanah Nasional Berhad (PHNB), a wholly-owned subsidiary of PNB, was established on 21 November 1988 to manage real estate investment trust (REIT), as an alternative to the traditional equity-based unit trusts managed by ASNB. PHNB is the Manager of Amanah Harta Tanah PNB (AHP), a REIT listed on the Main Board of Bursa Malaysia Securities Berhad. PHNB also manages several other properties of PNB Group comprising office buildings, commercial buildings and data centres. As at 30 June 2020, PHNB manages more than 20 properties with total net lettable area of approximately 4 million square feet and total asset value of more than RM2 billion.
AHP was launched on 21 March 1989 and is one of the earliest property trust funds in Malaysia. AHP was subsequently listed on the Malaysian stock exchange on 28 December 1990.
2005 marked a milestone in the unit trust industry when the Guidelines on Real Estate Investment Trusts was issued by the Securities Commission of Malaysia to replace the Guidelines on Property Trust Funds which resulted in the rebranding of property trust fund to REIT.
Find out more from our official website.
Amanah Harta Tanah PNB (AHP) is a real estate investment trust listed on the Main Market of Bursa Malaysia Securities Berhad. Unit prices of AHP are subject to market forces. Total returns which comprise capital gains and distribution of income, if any, and unit prices, may go down as well as up. Before investing, please consider any applicable fees and charges. Past performance of AHP is not a guarantee of future performance. Kindly seek professional advice for further information.