REIT outlook to remain muted in second quarter

Maybank IB said YTL REIT is still its top buy.YTL REIT’s total return is 30%. Our other buys are Sunway REIT and MRCB-Quill REIT, ” it said.

PETALING JAYA: The outlook for local real estate investment trusts (REITs) is expected to remain muted in the second quarter of this year, weighed by the impact of the Covid-19 pandemic.

Maybank Investment Bank Research (Maybank IB) in a note said it remained “neutral” on the sector, adding however that there are selected growth catalysts such as its forecast decent distribution per unit yield of 4.9% and 6% in 2020 and 2021, respectively.