Sunway-REIT poised for another positive performance

The trust’s retail segment is expected to gain from turnover rent and foreign tourists, while the revival of the tourism sector would buoy the hotel segment, said HLIB Research.

PETALING JAYA: Sunway Real Estate Investment Trust (REIT) is expected to register another buoyant performance this year, after a robust result last year, underpinned by the continued recovery of its retail, hotel and office segments.

For the trust’s retail segment, performance would be supported by sustained turnover rent and higher foreign tourist arrivals, while its hotel segment would be boosted by the revival of the tourism sector with comfortable level of labour capacity should inbound tourists return to pre-pandemic level, Hong Leong Investment (HLIB) Research said, citing Sunway-REIT’s management.