Malaysian REITs a good defensive play

RHB RESEARCH named Axis Real Estate Investment Trust (Axis-REIT) and IGB REIT as its top picks for the sector.

PETALING JAYA: Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector as a defensive play due to its “guaranteed” rental income.

However, RHB Research maintained its “neutral” rating on the sector, noting that it is “not there yet” and encourages investors to pick those with quality assets as it remains a tenant’s market.