It attributed the decline in NPI to lower occupancy rates in its shopping malls amid the pandemic.
PETALING JAYA: Pavilion Real Estate Investment Trust
’s (REIT) net property income (NPI) stood at RM58.8mil for the first quarter (Q1) ended March 31,2021, compared with RM65.1mil in the corresponding period last year.
It attributed the decline in NPI to lower occupancy rates in its shopping malls amid the pandemic.
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