REITs continue to face MCO pressure

But IGB REIT still rated an ‘add’ by CGS-CIMB

PETALING JAYA: Real estate investment trusts (REITs) continue to come under pressure from the ongoing measures to keep the Covid-19 pandemic from spreading locally.

The movement control order (MCO) that started in the middle of March has seen a pronounced impact on retailers and hoteliers, especially as malls are emptied and tourists are kept away.