Listed in December 2011, Pavilion REIT owns four malls — Pavilion Kuala Lumpur Mall, Intermark Mall, Da Men Mall, and Elite Pavilion Mall — as well as an office tower known as Pavilion Tower. As of 2018, its portfolio has a combined net lettable area (NLA) of 2.4 million square feet.

I was keen to learn more about Pavilion REIT as it owns Pavilion Kuala Lumpur Mall, a popular, award-winning mall located right in the heart of Bukit Bintang — Kuala Lumpur’s prime shopping belt.

Here are seven things I learned from the 2019 Pavilion REIT AGM:

1. Revenue improved 13.2% from RM490.0 million in 2017 to RM554.9 million in 2018. The hike in revenue is due to contributions from the recently acquired Elite Pavilion Mall in April 2018, higher rental income from Pavilion Kuala Lumpur Mall after a repositioning exercise, and higher occupancy at Intermark Mall. The retail