REIT
 [%dklB%] [%xqdp%] 
Research by MIDF
Positive

“Defensive earnings”

Maintain POSITIVE on REIT. We continue to see a positive outlook for REIT, led by retail and industrial sub-segments. Retail industry is expected to return to organic growth of positive rental reversion as retail industry recovered to pre-pandemic level. Meanwhile, performance of industrial asset is expected to remain stable while rental rate is expected to grow due to healthy demand for industrial asset. We also see that hotel industry will continue to recover in 2HCY24 as tourist arrivals are expected to increase as Malaysia is offering visa-free entry to travelers from several countries which will boost tourism industry of Malaysia.

Analyst(s):
JESSICA Low Jze Tieng
[%ZkcY%]

REIT
 $KLSE-SUNREIT $KLSE-AXREIT 
Research by MIDF
Positive

“Defensive earnings”

Maintain POSITIVE on REIT. We continue to see a positive outlook for REIT, led by retail and industrial sub-segments. Retail industry is expected to return to organic growth of positive rental reversion as retail industry recovered to pre-pandemic level. Meanwhile, performance of industrial asset is expected to remain stable while rental rate is expected to grow due to healthy demand for industrial asset. We also see that hotel industry will continue to recover in 2HCY24 as tourist arrivals are expected to increase as Malaysia is offering visa-free entry to travelers from several countries which will boost tourism industry of Malaysia.

Analyst(s):
JESSICA Low Jze Tieng
jessica.low@midf.com.my

$SUNREIT / 5176 (SUNWAY REAL ESTATE INVESTMENT TRUST)

$AXREIT / 5106 (AXIS REAL ESTATE INVESTMENT TRUST)