Al Aqar KPJ – BT

QSR buys 1.95m units of KPJ REIT

QSR Brands Bhd has bought some 1.95 million units of KPJ REIT for RM2.01 million from the open market.

The reason for the purchase was because QSR has a better return on investment of roughly 7.3 per cent (dividend yield) against a fixed-deposit interest rate of 2.5 per cent to 3 per cent.

“There is also opportunity of capital appreciation given the KPJ REIT’s future acquisition plans and the stable income stream from the tenants of its properties,” QSR told Bursa Malaysia yesterday.