SunREIT 1Q revenue rises 9% on sustained recovery

PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) has an optimistic outlook for 2023, underpinned by a stable economic growth projection, expectations of continued growth momentum in the retail sector and a sustained recovery in the hotel sector.

The trust also expects a full-year income contribution from the new wing of Sunway Carnival Mall and Sunway Resort Hotel after its renovations are finished in the first quarter of 2023 (1Q23).