REIT yields likely to remain mostly unexciting
Of the REITs under its coverage, Axis REIT(pic) was the best performing stock under MIDF Research’s coverage, having recorded a 22% year-on-year growth in the fourth quarter of last year.
PETALING JAYA: Lack of strong catalysts is expected to result in yields for Malaysian real estate investment trusts (REITs) remaining largely unexciting.
MIDF Research said in a report that the average yield for REITs under its coverage stood at 5.4%.
“The current yield spread of 1.5 percentage points is deemed unexciting, as it is lower than the three-year mean of 1.7 percentage points between Malaysian REITs and 10-year Malaysian Government Securities (MGS) yield.
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