The Malaysian office market in 2017 remained subdued mainly due to the oversupply of office rental space and soft economic growth. In the third quarter of 2917, Klang Valley had a total supply of 104.7 million square feet of office space. As such, many landlords were forced to offer lower rents and rent-free periods to attract potential tenants.

Despite the challenging year, MRCB-Quill REIT (MQ REIT) — which owns 11 office properties with a market value of RM2.2 billion — posted a solid set of results for 2017. We attended its most recent annual meeting to find out more. Here are eight things we learned from the 2018 MRCB-Quill REIT AGM:

1. Gross revenue increased 32.8% year-on-year to RM181.5 million. The CEO added that MQ REIT’s revenue has a compound annual growth rate (CAGR) of 17% from 2007 to 2017. Likewise, net property income (NPI) grew …