KUALA LUMPUR: The Johor-Singapore Special Economic Zone (JS-SEZ) is bound to be a supportive tailwind for industrial demand in Johor that will benefit AME Real Estate Investment Trust (Reit), said RHB Research.
The firm said that it remains positive on AME Reit's prospects supported by the JS-SEZ as well as its resilient portfolio fundamentals, strong tenant retention and embedded rental mark-to-market opportunities.
"With portfolio occupancy at 100 per cent, near-term income visibility remains strong, while the gap between recent achieved rents of RM2.50 per sq ft and existing passing rents of RM1.80–1.90/sq ft provides further rental mark-to-market opportunities as leases progressively expire," it said in a note.
