Shares & Derivatives
5 things I learned from the 2023 Pavilion REIT AGM and EGM
By The Fifth Person  •  March 31, 2023
Listed in 2011, Pavilion REIT owns five properties in the Klang Valley, namely Pavilion Kuala Lumpur Mall, Elite Pavilion Mall, Intermark Mall, DA MEN Mall, and Pavilion Tower (an office building). In 2022, the REIT performed well due to the gradual easing of pandemic restrictions from April 1, which led to the recovery of the Malaysian economy. With the economy showing signs of improvement, the management sought approval from unitholders to add Pavilion Bukit Jalil Mall to the existing portfolio. Here are five things I learned from the 2023 Pavilion REIT AGM and EGM. 1. Gross revenue increased 16.6% year-on-year to RM569.7 million in 2022. The rise in occupancy rates at Pavilion REIT malls is primarily attributed to the signing of new leases and lease renewals by both new and existing tenants following the return of shoppers to malls. However, the trend of remote work, which has become increasingly popular after the pandemic, has caused a drop in the occupancy rate at Pavilion Tower in 2022....
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By The Fifth Person
The Fifth Person® believes in spreading a message — that sound investment knowledge, financial literacy and intelligent money habits can help millions of people around the world achieve financial security, freedom and lead better lives for themselves, their family and their loved ones ...

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