“Based on the previous occasions when lockdowns were lifted, the malls under our coverage observed higher average sales per footfall. We believe earnings visibility and associated risks of REITs now are much better as compared to last year, thanks to the widening rollout of vaccines both locally and globally.”AmInvestment Bank said now would be an opportune time to collect quality assets.
PETALING JAYA: Retail real estate investment trusts (REITs) are expected to commence recovery in the second half of this year, as the economy reopens in stages.
AmInvestment Bank in a research report yesterday said pent-up demand from the ongoing lockdown is also expected to boost recovery.
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