Stronger rentals to spur Sunway-REIT earnings

Popular choice: A file picture of shoppers at Sunway Pyramid undergoing temperature checks.

PETALING JAYA: Sunway Real Estate Investment Trust (Sunway-REIT) is set to see a pick-up in earnings going forward, on the back of stronger rental contributions from its retail and hotel assets.

Hong Leong Investment Bank (HLIB) Research in a report said it is “nudging up” its net profit forecasts for Sunway-REIT for 2022 to 2024 by 5.3% to 5%.