KUALA LUMPUR: Pavilion Real Estate Investment Trust
's (REIT) recovery is expected to be hampered by the resurgence of Covid-19 cases in the country, says Kenanga Investment Bank Research in a report following the REIT's release of disappointing earnings.
In a note, the research house said the return to a conditional movement control order in certain states could trigger another bout of rental waivers and single-digit negative rental revisions for leases up for renewal.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
