SunREIT earnings likely to improve in Q4

The reopening of Malaysia’s economy and the holiday season could boost retail sentiment and domestic travel, which in turn, would benefit SunREIT in the form of higher footfall to its shopping malls and occupancy rates for its hotels.

PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) will likely see further improvement in its earnings for the three months to December 2021 (fourth quarter or Q4 of 2021), driven by the expected recovery in its retail and hotel segments.

According to analysts, the reopening of Malaysia’s economy and the holiday season could boost retail sentiment and domestic travel, which in turn, would benefit SunREIT in the form of higher footfall to its shopping malls and occupancy rates for its hotels.