Tourist arrivals a boon for Pavilion-REIT

MIDF Research said that while its earnings forecasts are unchanged for financial years 2023 (FY23), FY24, FY25, it sees better earnings outlook for Pavilion-REIT as its flagship Pavilion KL mall is a tourist hotspot.

PETALING JAYA: The earnings outlook for Pavilion Real Estate Investment Trust (Pavilion-REIT) is set to be bright in the near term due to higher tourist arrivals and acquisition of Pavilion Bukit Jalil mall (PBJ Mall), according to analysts

MIDF Research said while it makes no changes to its earnings forecasts for the financial year 2023 (FY23), FY24, FY25, it sees a better earnings outlook for Pavilion-REIT as its flagship Pavilion KL mall, which is a tourist hotspot.