Reit sector to record 6% net profit growth this year

In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.

PETALING JAYA: The Malaysian real estate investment trust (Reit) segment is expected to record a modest net profit growth of 6% this year, given the lack of compelling catalysts in the near term.

In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.