PETALING JAYA: Two research houses are positive about MRCB-QUILL REIT
(MQREIT), which reported first quarter core net profit of RM19.8mil on the back of RM41.7mil revenue.
RHB Research and UOB Kay Hian believe the upcoming quarters would be marginally impacted by coronavirus Covid-19 since no rental assistance was offered to office tenants at large, although rental assistance was given a co-working space operator in Platinum Sentral and retail tenants in Plaza Mont’Kiara.
“Its rental collection remains strong throughout the movement control order (MCO) period in the second quarter of 2020, ” UOB Kay Hian said.
Net property income was 32.3mil versus RM31.5mil in fourth quarter of 2019. MQReit typically declares dividends in the second and final quarters.
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