PETALING JAYA: Malaysian real estate investment trusts (REITs) delivered first quarter ended March 31, 2025 (1Q25) financial results that were in line with expectations, but softer consumer spending and the expansion of the sales and service tax (SST) may weigh on them in the second half of 2025 (2H25).
CIMB Research said all REITs under its coverage – Axis–REIT, Al-Aqar–REIT, IGB-REIT, Sentral-REIT and Sunway-REIT – reported 1Q25 financial results that were in line with expectations, with core net profit growth of 13.3% year-on-year (y-o-y) and 14.2% quarter-on-quarter on an aggregate basis.
