IGB-REIT focuses on long-term value

IGB-REIT said the higher total revenue and net property income were mainly due to the lower rental support provided to tenants in the current quarter, arising from the economic reopening and improving retail sales of tenants.

PETALING JAYA: IGB Real Estate Investment Trust (IGB-REIT) is remaining cautious on the outlook of the retail sector for 2023, in light of the anticipated challenges ahead.

In a filing with Bursa Malaysia yesterday, the company said its tenants’ performance in shopping malls and financial performance may be affected. “Nonetheless, IGB-REIT remains committed to bringing about long-term value to its stakeholders,” it said.