Is the worst over for retail-based REITs?


MALL-and-office based real estate investment trusts (REITs) continue to feel the impact of the weak consumer sentiment and the glut in office space.

On Thursday, Pavilion REIT, which owns the Pavilion Mall, posted a further slide in net profit for the second quarter ended June 30.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Capital Mall , Pavilion , earnings , rentals , yields

   

Next In Business News

Bursa Malaysia registers higher net profit of RM75.03mil in 1Q
Bursa takes a breather at midday
Kucingko secures Bursa Malaysia's approval to list on ACE Market
MAG explores three-year tie-up with Tourism Malaysia to promote tourism
China's factory, services activity growth slows in April
Samsung first-quarter profit up 10-fold on memory chip recovery
Ringgit opens slightly lower against US$ ahead of FOMC meeting
MKHOP makes Main Market debut at 63c/share
Growth momentum continues on Bursa
Wall St notches gain; yen surges, intervention suspected

Others Also Read