Daily Industry News Update (31 July 2022)

IGB REIT poised to benefit from retail sector recovery — analysts

The recovery momentum for IGB Real Estate Investment Trust (REIT) is expected to continue, despite several headwinds such as the overnight policy rate (OPR) hike as well as inflationary pressure, according to analysts.

KIP REIT’s NPI down 5.8% in 4Q, declares 2.1 sen DPU

KIP REIT Management Sdn Bhd’s net property income (NPI) in the fourth quarter ended June 30, 2022 (4Q22), declined 5.8% to RM14.2 million from RM15.1 million reported a year ago,