Sunway-REIT posts strong 1Q25 results

Quick Summary:

Sunway Real Estate Investment Trust (Sunway-REIT) remains cautious about its prospects going forward in view of the worldwide tariff situation, which it says will carry risks of heightened inflationary pressure that could erode business and consumer confidence.

Looking ahead, the investment manager believes acquisition opportunities will continue to prevail.

On the other hand, Sunway-REIT said income growth was partially offset by lower interest income due to reduced cash balances and higher finance costs of RM4.9mil with increased borrowings.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: REITEarnings TariffRisks MallPerformance Corporate News PortfolioDiversification Transcend2027 /Business/Business News RetailExpansion SunwayREIT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 00:00:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 486 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © The Star

News ID: 28718785

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