Sunway-REIT quarterly net property income up 71.4%


PETALING JAYA: Sunway Real Estate Investment Trust (Sunway-REIT) is maintaining an optimistic outlook for 2022, underpinned by strong growth in its retail segment.

In a filing with Bursa Malaysia yesterday, the company said the outlook was further supported by gradual recovery in the hotel segment, new income contribution from the new wing of the Sunway Carnival Mall and resumption of income contribution from the phased re-opening of Sunway Resort.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!

Sunway REIT , property

   

Next In Business News

Scientex posts RM128.6mil net profit for 1Q25
ACE Market-bound Northern Solar aims to raise RM42.4mil from IPO
FBM KLCI rebounds above 1,600-point mark at midday
MIDA's commitment to investors - a stronger, more unified investment landscape
Malaysia's trade surplus hits 14-month high with strong growth in November 2024
Gold prices edge higher with focus on Fed's policy decision
Japan's exports rise faster than expected, helped by weaker yen
Buoyant year for port operators, shipping industry but challenges persist
Carlo Rino makes subdued debut on ACE Market
Jati Tinggi shares rise 15% on solar panel deal with Public Bank

Others Also Read