Recovery year for REITs

PETALING JAYA: Malaysian real estate investment trusts (MREITs) are expected to see business operations and earnings normalise this year closer to pre-Covid levels with the country entering the endemic phase. This is also so as 80% of the population have already received two doses of vaccination. according to Kenanga Research.

“This year is poised to be a recovery year for the ailing retail and hospitality segments. The opening of Malaysian borders to international travellers will be the last leg for economic activity to resume to pre-Covid levels and support MREITs’ earnings eventually,” said the research unit.