IGB REIT’s assets strong

On assets, RHB Research said despite the challenging FY20, the market value of both Mid Valley Megamall (MVM) and The Gardens Mall (TGM) remained unchanged from FY19, at RM3.7bil and RM1.3bil respectively – a testament to the quality of the assets.AmInvestment Research added that the occupancy rate for MVM remained at 100% during the quarter, and 90% for TGM

PETALING JAYA: Despite the lockdowns and lower footfall traffic at its malls, the prospects of steady earnings recovery in financial year (FY) 2022 is expected for IGB Real Estate Investment Trust (IGB REIT).

This is also backed by its quality assets and a strategic rental structure to leverage on an imminent return of shopper traffic.