Recovery theme sustains short-term interest in M-REITs

Popular choice: A file picture of shoppers at Sunway Pyramid undergoing temperature checks. Sunway-REIT continues to be a top pick in the segment with its well-diversified income base, encompassing retail malls, offices, hotels and hospitals.

WHILE higher interest rates are a disadvantage to real estate investment trusts (REITs), investors appear to have shrugged off the implication of the recent hike in the overnight policy rate (OPR) on the sector for the time being.

The performance of Malaysian REITs, or M-REITs, has remained fairly resilient despite the surprise increase of 25 basis points (bps) in OPR about a week ago, as the “recovery theme” continues to drive investor interest in the asset class, according to analysts.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Affin raises its reference rates by 25 basis points
Boustead teams up with GEC to establish Turkiye's first Islamic digital bank
Naza TTDI plans six new projects with RM3bil GDV by 2025
SMTrack gets project management consultant job
Bursa, subsidiaries to close for Eid Al-Adha
Perodua expects to exceed 2022 sales target
RHB increases BR, BLR/BFR by 25 basis points
Ringgit lower against US dollar for the third consecutive day
HeiTech Padu bags contracts worth RM43.8mil
Audit: No systemic forced labour at V.S. Industry

Others Also Read