Outlook stays solid for Sunway-REIT

Sunway-REIT's net property income for the retail division had more than doubled in the financial year 2022 due to lower rental support to tenants and contribution from Sunway Carnival’s new wing, said MIDF Research.

PETALING JAYA: Sunway Real Estate Investment Trust’s (Sunway-REIT) outlook remains solid as the economic and borders reopening may aide in its rental reversion and earnings potential.

Notably, its net property income (NPI) for the retail division had more than doubled in the financial year 2022 (FY22) due to lower rental support to tenants and contribution from Sunway Carnival’s new wing, said MIDF Research.