PETALING JAYA: Sunway Real Estate Investment Trust
’s (Sunway-REIT) outlook remains solid as the economic and borders reopening may aide in its rental reversion and earnings potential.
Notably, its net property income (NPI) for the retail division had more than doubled in the financial year 2022 (FY22) due to lower rental support to tenants and contribution from Sunway Carnival’s new wing, said MIDF Research.
“Similarly, the NPI of the hotel division was higher by some 80% year-on-year (y-o-y) due to the reopening of Sunway Resort Hotel and improved hotel room occupancy following the reopening while contributions from office and other segments remained stable,” it said.
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