PETALING JAYA: Sunway Real Estate Investment Trust
(SunREIT) is expected to deliver modest earnings growth in the second quarter ended Dec 31, 2016, with a resilient retail segment and a gradual recovery in office occupancy offsetting the weak hotel operation.
“We expect SunREIT to report a core net profit of RM64mil to RM67mil in the second quarter, up by a modest 3% to 4% year-on-year, driven by its retail operation and improved occupancy in the office segment (particulary at Sunway Putra Tower), which will mitigate the weaker performance of its hotel segment.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
