Pavilion REIT’s 3Q net profit rises to RM70.6mil

PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) expects retail sales to normalise moving forward, due to moderation in spending after a robust recovery in 2022 as well as concerns of higher cost of living.

In a filing with Bursa Malaysia, Pavilion REIT said it expects malls to continue to elevate retail mix, create immersive experiences and encourage shoppers’ interaction with targeted campaigns.