PETALING JAYA: The valuation of Malaysian real estate investment trusts (REITs) could go lower because the market has yet to fully price in the structural impact of the preferential 10% withholding tax (WHT) expiry, which occurred on March 18, 2026, according to CGS International (CGSI) Research.
The research house noted the regulatory change effectively raises the tax burden on income distributions, leading to a meaningful compression in post-tax yields on such investments.
