On course for improved earnings

UOB Kay Hian: “We prefer prime retail, given their proven business resilience. Hence, IGB REIT would rank first in terms of recovery pace for retail malls, followed by Pavilion REIT and Sunway REIT.” (File pic shows IGB's Mid Valley Megamall)

KUALA LUMPUR: The Malaysian real estate investment trust (REIT) sector is expected to begin charting improved earnings for the remainder of 2021, as economic restrictions continue to be lifted.

Compared with the first half of the year, UOB Kay Hian in a recent report said it expects sector earnings in the second half of 2021 to improve by 35%.