Sentral REIT expected to record flattish earnings

Transport checkpoint: KTMB auxiliary police personnel taking the temperature readings of ETS passengers at KL Sentral, Kuala Lumpur.

PETALING JAYA: Sentral Real Estate Investment Trust (REIT), formerly MRCB-Quill REIT, is likely to see flattish year-on-year earnings growth in 2021 and 2022, given minimal lease expiries and its track record of low single-digit positive reversions.

Kenanga Research said Sentral REIT would, in 2021 and 2022, see minimal lease expiries of 21% and 14% of net lettable assets respectively, while the issue of oversupply of office spaces in the Klang Valley remains.