Sunway REIT cautiously optimistic about FY23 outlook

KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) is cautiously optimistic about the outlook for 2023 underpinned by stable gross domestic product growth projection of 4.5% announced in the recent re-tabling of Budget 2023.

“The outlook is further supported by the expectation of sustained growth momentum of the retail segment, further recovery in the hotel segment, full year income contribution from the new wing of Sunway Carnival Mall and Sunway Resort Hotel upon full completion of its refurbishment in 1Q23,” Sunway REIT said in a filing with Bursa Malaysia.