Sunway-REIT cautiously optimistic about outlook

Sunway-REIT said its performance was on the back of a strong upsurge in the hotel segment’s revenue and net property income.

PETALING JAYA: Sunway Real Estate Investment Trust (Sunway-REIT) is cautiously optimistic about its outlook for the financial year 2023 (FY23), underpinned by a healthy gross domestic product growth projection of 4% for this year.

In a filing with Bursa Malaysia yesterday, Sunway-REIT said its outlook was underpinned by the expectation of sustained growth momentum in the retail segment, improvement in the hotel segment, full-year income contribution from Sunway Carnival Mall (new wing) and Sunway Resort Hotel from the full completion of refurbishment.