Sunway REIT is the second largest REIT in Malaysia with a property portfolio of retail malls, hotels, office blocks, a medical facility, an industrial building and a university campus. As of 30 June 2019, the portfolio was valued at valued at RM8.05 billion.

In this article, I’ll give an update on the REIT’s segment developments in 2019, its latest annual results, and stock valuation. Here are 11 things to know about Sunway REIT before you invest:

1. Retail revenue grew 2.5% year-on-year to RM426.7 million, and net property income (NPI) grew 4.5% y-o-y to RM310.5 million in FY2019. This growth was contributed largely by Sunway Pyramid which offset lower NPI at Sunway Carnival and Sunway Putra Mall.

2. Hotel revenue fell 4.9% y-o-y to RM78.6 million, and NPI fell 8.2% y-o-y to RM71.3 million in FY2019. The drop was due to a weaker