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.