PETALING JAYA: IGB Commercial Real Estate Investment Trust
(REIT) has maintained a cautious outlook on the potential challenges in the growth of retail sales, rental rates and occupancy levels in 2023.
It said these challenges have the potential to impact both tenant performance within shopping malls and the financial performance of IGB-REIT.
“IGB Commercial-REIT remains committed to bringing about long-term value to its stakeholders,” it noted in a filing with Bursa Malaysia.
The trust is committed to actively enhancing tenant retention and maintaining a leading position in the market.
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