More REITs on the Horizon?

The market is abuzz with news that $WCT / 9679 (WCT HOLDINGS BERHAD) is planning to establish and list a REIT, an opportunity that could unlock significant value for the company and marks a long-awaited retail REIT listing. Although specific details have not yet been released, investor excitement is palpable. Other companies might also pursue REITs to unlock their value in the future. Here are a few that could be planning REIT listings:

1. $IOIPG / 5249 (IOI PROPERTIES GROUP BERHAD): Recent acquisition activity suggests that IOI Properties intends to establish a REIT. In this post (https://cutt.ly/9ezktjtw), I have detailed the assets the company owns, which you can refer to for more information.

2. $IJM / 3336 (IJM CORPORATION BERHAD): In 2023, IJM Land's COO revealed plans to establish a REIT in the future. Currently, IJM does not meet Bursa's requirements to establish a REIT. There is also market speculation that IJM might list its highway assets as a REIT or Business Trust in the future.

3. $SPSETIA / 8664 (S P SETIA BERHAD): SP Setia's CEO recently revealed that the company is considering establishing a REIT to diversify its asset portfolio, potentially including retail complexes, office buildings, schools, and a convention center. Some of the key properties currently owned by SP Setia are Setia City Mall in Setia Alam, the INC Mall (formerly known as KL Eco City Mall) in Kuala Lumpur, Setia City Convention Centre in Shah Alam, Setia Spice Convention Centre in Penang, and the Amari Kuala Lumpur hotel in the KL Eco City township.

Are there any other companies potentially seeking REIT listings that I haven't mentioned? Feel free to share additional information.