IGB-REIT likely to maintain organic growth

Maybank IB Research said the impact from reconfiguration works were estimated at only 1% to 2% of total revenue.

PETALING JAYA: IGB Real Estate Investment Trust (IGB-REIT) is expected to maintain decent organic growth, underpinned by high occupancy rates and positive rental reversions at both its shopping malls in Kuala Lumpur – Mid Valley Megamall and The Gardens Mall.

Despite the ongoing Metrojaya’s reconfiguration works at Mid Valley Megamall, affecting about 200,000 sq ft, or 11% of net lettable area, IGB-REIT expected impact from rental income to be limited.