Malaysia REITs Outlook: M-REITs ready to takeoff
WE ARE positive Malaysia’s GDP in 2022 would grow by 5.7%-6% supported by revitalising economic activities. Private consumption saw a V-shaped recovery in the third quarter of 2021 due to revenge spending (where people tend to have a vengeful shopping spree after months cooped up in quarantine and limitations on spending) and we expect this phenomenon will occur following the easing of restrictions recently.
IGB REIT records RM85.4m net profit for 1Q22
IGB Real Estate Investment Trust (REIT) stated the return to normalcy boosted its profit for the first quarter ended March 31, 2022 (1Q22), to RM85.39