PETALING JAYA: IGB Real Estate Investment Trust
(IGB-REIT) is remaining cautious on the outlook of the retail sector for 2023, in light of the anticipated challenges ahead.
In a filing with Bursa Malaysia yesterday, the company said its tenants’ performance in shopping malls and financial performance may be affected. “Nonetheless, IGB-REIT remains committed to bringing about long-term value to its stakeholders,” it said.
For its fourth quarter ended Dec 31, 2022, IGB-REIT’s net profit rose to RM143.93mil from RM73.59mil in the previous corresponding period,
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