PETALING JAYA: While real estate investment trusts (REITs) remain as a defensive yield play, upside to earnings may be limited due to increased competition in the retail sector and increased tax rates, while subsidy cuts may limit consumer spending, according to analysts.
RHB Research said REITs earnings are expected to be stable amid sustained occupancy and rental rates.
Year-to-date, the KL REIT Index rose 3.4%.
...