Omicron and its impact on REITs

“We also highlight that shopping malls and office buildings will be among the first to be adversely impacted if Covid-19 infections rise again and lockdown measures are re-imposed.” Other than the severity of Covid-19 cases, RHB Investment Bank Research said daily infection rates have remained high.

KUALA LUMPUR: The emergence of the Omicron variant may derail the recovery path of the Malaysian real estate investment trust (REIT) sector in 2022.

In light of this, RHB Investment Bank Research is projecting a cautious outlook for local REITs this year.