WITH the release of Malaysian Real Estate Investment Trust (M-REITs) respective fourth quarter results, we are now able to gauge the impact of Covid-19 on commercial real estate assets in terms of valuation as typically all REITs carry out a valuation exercise on their respective investment properties annually.
Judging by the report cards by listed M-REITs, the most impacted segment seems to be the retail segment as it took the biggest hit in the form of not only lower property income, but at the same time, asset values too were knocked down due to the lower valuation.
However, having said that, not all M-REITs experienced this scenario as some assets were well insulated as their valuation were unchanged or little change.
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