Further recovery for SunREIT as borders reopen

KUALA LUMPUR: The reopening of international borders and relaxation of SOPs will further facilitate a normalisation in Sunway Real Estate Investment Trust's (SunREIT) income over the coming quarters, says AmInvestment Bank Research.

The broker said in a note that rental income in the retail, hotel and office segments will normalise as it expects a discontinuation of Covid-19-related rental rebates offered to tenants as businesses resume full operations.