More greenfield and brownfield projects for REITs


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: Real estate investment trusts (REITs) are expected to participate in greenfield and brownfield projects more actively to further add value to their portfolios, according to MIDF Research.

The research house said the recently revised guidelines for REITs, by the Securities Commission, were among the factors that would spur participation in development projects going forward.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/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 , REIT , , Axis , Sunway , , Pavilion , greenfield , brownfield , property ,

   

Next In Business News

Ringgit lower against US dollar at the close
Alpro Group collaborates with Panasonic to reduce airborne threats
Fajarbaru wins RM121mil contract for Johore Golf & Country Club construction
Shenzhen Shenyue Investment, IWH and PLS sign MoU to build industrial park and innovation hub in Johor
Bursa Malaysia finishes with over 600 stocks in the red
Most Asian FX, equities fall as China's parliament meeting disappoints
Oil extends fall as China's economic reforms underwhelm investors
Gov proposes for consolidation of oil palm smallholders to bigger clusters
Masimo Malaysia invests RM100mil to set up production facility in Johor
CIMB Islamic and PETRONAS sign inaugural Tahawwut Master Agreement for Islamic commodity derivatives

Others Also Read