Minimal impact on property players and REIT

Affin Hwang Capital, in a report yesterday, said most REITs under its coverage, namely, Axis REIT, IGB REIT, KLCC and YTL Hospitality REIT, had 70% of their borrowings pegged at a fixed rate.

PETALING JAYA: The overnight policy rate (OPR) cut is expected to have a minimal impact on local property players, especially real estate investment trust (REIT) companies, which are anticipated to continue being resilient.

Affin Hwang Capital, in a report yesterday, said most REITs under its coverage, namely, Axis REIT, IGB REIT, KLCC and YTL Hospitality REIT, had 70% of their borrowings pegged at a fixed rate.