Pavilion REIT posts RM67mil net profit in 2Q, declares 4.53 sen dividend

PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) will focus on continuously refining its tenant mix and elevating marketing efforts, after revising its retail sales growth for the second quarter of the year (2Q24) downwards to 3.6% year-on-year (y-o-y).

The investment manager said moderate retail sales for the second quarter and continued concerns over rising cost of living that has affected consumers across all income brackets had led to the readjustment of its projection, which was at 4% previously.