Pavilion REIT's 3Q income up 10% after new assets buy
The REIT said retail remains the cornerstone of its performance, contributing RM652.
The REIT said retail remains the cornerstone of its performance, contributing RM652.
Its NPI for 1QFY2026 rose to RM29.
Sunway REIT said the sale is part of its ongoing capital recycling strategy to optimise portfolio quality and long-term value creation.
Its distributable income or total realised income available for distribution was RM58.
Retail-focused IGB REIT reported a 9.
The trust announced a distribution per unit of 1.
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
While Pavilion REIT continues to benefit from a rebound in tourism with expected drive spending and traffic at key assets such as Pavilion Kuala Lumpur and Pavilion Elite, the research house said the recent share price rally had already priced in much of this optimism and “tilted its risk-reward to be less compelling”.
"Our site visit to Johor reaffirmed the state’s rising prominence as both a retail and industrial hub, supported by strong cross-border spending, the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link (end-2026), and the planned Singapore-Johor Special Economic Zone (JS-SEZ).
The disposal will be undertaken by Everise Project Sdn Bhd, a 60%-owned subsidiary of UOA Development, which signed the sales and purchase agreements with RHB Trustees Bhd, the trustee of UOA REIT.