- Revenue decreased 3.6% year-on-year to RM651.4 million in 2022 as the previous financial period comprised 18 months from 1 July 2020 to 31 December 2021.On an annualised basis
Listed in 2010 on Bursa Malaysia, Sunway REIT is one of the largest diversified REITs in the country. It owns 20 assets in Peninsular Malaysia across the retail, hotel, office, and industrial sectors. Most of them are in the Klang Valley including the flagship Sunway Pyramid Mall.
In line with the REIT’s TRANSCEND 2027 strategy, Sunway REIT is committed to acquiring additional resilient assets in the services, industrial, and other sectors. Furthermore, they will actively pursue asset enhancement initiatives aimed at increasing the overall value of their assets. Sunway REIT’s current asset value stands at RM9.1 billion, and they aspire to elevate it to a range of RM14 million to RM15 million by 2027. Here are eight things I learned from the 2023 Sunway REIT AGM.
