IGB-REIT maintaining cautious outlook for this year

PETALING JAYA: IGB Real Estate Investment Trust (IGB-REIT) is maintaining a cautious outlook due to several challenges facing retail sales this year.

The trust, which has the Mid Valley Megamall and the Gardens Mall in its portfolio, said the shortage of workers, higher operating costs, intense competition are among the hurdles for the retail industry.

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IGB-REIT , retailsales , challenges , shortageofworkers , operatingcosts , intensecompetition , netprofit , revenue

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