Sunway REIT (SUNREIT) is one of the leading retail-focused Real Estate Investment Trusts (REIT) in Malaysia with a portfolio comprising four retail assets, five hotels, three offices and a medical centre. The total Assets Under Management (AUM) of the division is in excess of RM7.9 billion with a total net lettable area (“NLA”) of approximately 8.6 million square feet.
Sunway REIT is sponsored by Sunway Berhad and managed by Sunway REIT Management Sdn Bhd, a subsidiary of Sunway Berhad.
Sunway REIT aims to deliver sustainable distributions and growth in total return to unitholders over the long-term via active asset management, yield-accretive acquisitions supported by optimal capital and risk management. Sunway REIT is backed by strong pipeline assets from the Sponsor to facilitate its acquisition growth strategy.
Since its initial public offering in July 2010, Sunway REIT has continued to set the benchmark for good corporate governance and best practices in the REIT industry. Sunway REIT has proven its best practices and good governance having won more than 10 awards and recognitions including APREA Best Practices Awards (2011 & 2012: Emerging Markets Category; 2013: Chairman’s Recognition Award) and NACRA Industry Excellence Award 2012, 2013 & 2014) amongst others. Sunway REIT was nominated for Best Company, Best CEO and Best IR by MIRA in 2013 for its proactive investor relations activities.