YTL Hospitality REIT is open to new acquisitions


PETALING JAYA: YTL Hospitality real estate investment trust (REIT) will continue to improve its margins and is open to any attractive deals for potential acquisition or asset injection.

The company has some headroom to gear up for new acquisitions, AmInvestment Bank said in its note after meeting the company’s management. It said this was based on its current debt-to-total assets ratio of 42%, versus the regulatory threshold of 60% (temporary increased limit from 50% up to Dec 31, 2022 as part of the relief measure implemented by the Security Commission in light of Covid-19).

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