SunREIT shows resilience

TheStar Thu, Feb 11, 2021 08:50am - 3 years View Original


Standing tall: Artist impression of The Pinnacle. It has started contributing to the office segment post-acquisition in November last year.

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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