More greenfield and brownfield projects for REITs


  • Property Premium
  • Thursday, 13 Sep 2018

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , REIT , , Axis , Sunway , , Pavilion , greenfield , brownfield , property ,

   

Next In Business News

Ringgit ends slightly better against greenback Premium
TM 1Q net profit rises 4.4% to RM339.8mil Premium
UEM Sunrise swings back into profit in 1Q Premium
Affin Bank shareholders give the nod to AHAM divestment Premium
S&P: Malaysia to continue leading Islamic banking growth in southeast Asia Premium
FBM KLCI rebounds 0.28%; Cypark tumbles 24% Premium
Matrix Concepts records all-time high new property sales of RM1.3bil in FY22 Premium
Focus Point sets aside RM16mil capex for FY22 Premium
Asian stocks eke out gains as slowdown concerns linger Premium
Oil prices edge higher on tight supply, firmer demand expectations Premium

Others Also Read