Industrial REITs to remain stable

On retail and hotels, HLIB Research expects a gradual recovery in this segment in line with expectations of improving business activities in 2022. (A retail store - File pic)

PETALING JAYA: Going into 2022, selective office and industrial real estate investment trusts (REITs) are expected to remain stable while retail and hotel REITs will recover gradually as the economy continues to improve.

However, Hong Leong Investment Bank (HLIB) Research noted that the issue of oversupply will continue to linger next year as new supply and the completion of new buildings have pushed down the average occupancy rates.