PETALING JAYA: Malaysian real estate investment trusts (M-REITs) are expected to see a rebound in earnings this year, as the rollout of Covid-19 vaccines helps drive economic activities.
CGS-CIMB Research is projecting a core net profit growth of 10% year-on-year (y-o-y) for the sector in 2021,6.9% y-o-y for 2022 and 10.7% y-o-y for 2023 on improving net property income margin and phasing out of rental assistance.
The brokerage also expects the sector average dividend yield to rise 5.3% in 2021 from 4.7% in 2020.
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