Sunway-REIT quarterly net property income up 71.4%

PETALING JAYA: Sunway Real Estate Investment Trust (Sunway-REIT) is maintaining an optimistic outlook for 2022, underpinned by strong growth in its retail segment.

In a filing with Bursa Malaysia yesterday, the company said the outlook was further supported by gradual recovery in the hotel segment, new income contribution from the new wing of the Sunway Carnival Mall and resumption of income contribution from the phased re-opening of Sunway Resort.