Pavilion REIT's earnings up on retail sector recovery in 2Q

KUALA LUMPUR: Pavilion Real Estate Investment Trust's (REIT) earnings is tracking better conditions in the retail industry as economic conditions improve and movement restrictions continue to ease.

The REIT announced in a filing with Bursa Malaysia a net profit of RM54.98mil in the second quarter ended June 30, 2022, more than double its earnings in the same quarter last year as it sees a resurgence of rental revenue and advertising following the reopening of the economy.