Sunway REIT Catches Footfall with Pokemon-Go
29-Aug-16 09:20
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Despite a challenging retail environment, earnings remained resilient overall in the recent quarter. Both Pavillion REIT and Sunway REIT's net property income (NPI) grew 13% and 7% y.o.y respectively. Operators are also capitalising on the success of Pokemon-Go to drive footfall. Come November, we will also see the entrant of a new shopping mall, Pavilion Elite expected to contribute further to Pavillion REIT's earnings & NPI. CapitaLand Malaysia Mall Trust ("CMMT") is the top pick.
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Tags: Sunway, Pavilion, Capitaland, Consumer Index, REIT, DPU
