KUALA LUMPUR: AmInvestment Bank Research has lowered its earnings forecasts for Pavilion Real Estate Investment Trust
(REIT) as it factored in higher rebates and a lower rental rate.
"We cut our FY20–22 distributable income by 25.1%, 4.0% and 3.4% respectively. We have factored in higher rebates for FY20 (28% from 20%) while lowering our average FY21–FY22 rental rate by 3%," it said.
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