Tough times for REITs

High volume: The highest sustained volume in footfalls continue to be seen in 1Utama Shopping Centre where rentals go for as high as RM600 per sq m. The shopping complex is estimated to receive some 120,000 visitors a day on weekends.

Data points to subdued prospects on lack of concrete growth catalysts

AFTER a stellar 2016 in the face of a weak broader market, shares of real estate investment trusts (REITs) may turn sluggish this year due to a lack of concrete growth catalysts and growing fundamental headwinds, say analysts.