IGB REIT earnings could flatten out in fourth quarter, says Kenanga

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT), which has put in a strong earnings performance so far this year, could see profits begin to normalise from the coming quarter as the low base effect dissipates.

The REIT, which posted a 9MFY22 net profit of RM252.2mil or nearly double the amount of the previous corresponding period, attributes its strong year-on-year growth figures to an earnings rebound following the Covid-19 transition to Phase 4 of the national recovery plan on Oct 18, 2021.