PETALING JAYA: Sunway Real Estate Investment Trust (SunREIT) will be able to weather the current office oversupply situation, given the resilience of the group’s office segment.
UOB Kay Hian in a report yesterday said the net property income (NPI) margin for the office segment remained stable at 62% during the second quarter of its current financial year.
“Furthermore, Sunway Pinnacle has started contributing to the office segment as the acquisition was completed in November last year. Amid the challenging outlook, SunREIT is still able to weather the current office oversupply situation.”
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