Sunway REIT's Sunway Putra Mall in Kuala Lumpur. (Photo: REITsWeek)

Maybank Kim Eng has reiterated its ‘Buy’ rating on Sunway REIT, in the wake of the latter’s 3Q FY2018 results.

Sunway REIT has reported a third interim gross distribution per unit (DPU) of 2.37 sen for the period, which Maybank Kim Eng described on 4 May as "within estimates".

The REIT also reported net profit of MYR69.9 million (USD17.8 million), excluding fair value gain from derivative financial instrument of MYR500,000.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.