KUALA LUMPUR: The improving outlook for retail should result in a positive re-rating of retail real estate investment trusts (REITs) with established malls in Klang Valley, according to MIDF Research.
The research house estimated the average distribution yield of REITs to remain attractive at 5.1% and 5.4% for CY22 and CY23 respectively, which is higher by 140 basis points than the 10-year MGS yield of 3.7%.
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