Listed on 8 July 2010, Sunway REIT owns a diverse portfolio of real estate comprising retail malls, office buildings, hotels, an industrial building, and a hospital. As at 30 June 2018, its real estate portfolio is valued at RM7.28 billion, a 110% increase from its initial size of RM3.46 billion when it debuted in 2010.
In this article, I’ll bring an update on its latest financial results, its future plans to sustain growth and evaluate its investment potential at its current unit price with a few valuation metrics. Here are 13 things you need to know about Sunway REIT before you invest.
1. Gross revenue from retail properties increased 3.6% year-on-year to RM416.5 million in 2018. It was mainly contributed by stable performances from its main assets — Sunway Pyramid and Sunway Carnival — and the relaunch of Sunway Putra Mall in 2016 after a major refurbishment