It been about 2 months since inoculation had started and now merely 3.9% administered at least one shot. As a gauge, Indonesia ~ 1.87%, Germany ~7.4%, Singapore ~11% and UK ~19% after 2 months of progress.
Besides, there are about 8 - 9 new malls are scheduled to open in 2021 within Klang Valley including Pavilion Bukit Jalil complex (Q4 2021) that pretty close to Sunway Mall. Portion of frequent visitors from Bdr Kinrara, Puchong, B.Jalil, Sri Petaling, Sri Kembangan etc from nearby area will be draw away. Affected REIT including CMMT (The Mines) and IGBReit (MidValley) where resident within these area had too many options including smaller neighborhood mall.
With slow vaccination progress, new competition ahead and potential of c19 fourth wave, recovery might not as smooth as expected.
Stability of reits depending on the underlying assets. But of coz if you want to compare reits with growth stocks, its less risky but less volatile and need at least 3-5 years. Look at the dividends and the properties that they are holding. My 2 cents.
Anyway, I'm holding sunreits and alaqar for reits. Make your own decision
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