PETALING JAYA: AME Real Estate Investment Trust (AME REIT) posted an 11% increase in net profit for the first quarter ended June 30, 2026 (Q1’27), driven by contributions from newly acquired properties and higher rental rates from tenancy renewals.
Net profit rose to RM10.23 million from RM9.21 million a year earlier, while revenue increased 17.7% to RM16.64 million from RM14.14 million.
The industrial-focused REIT said net property income climbed to RM15.24 million from RM12.74 million in the corresponding quarter last year, while distributable income grew 10.3% to RM11.45 million from RM10.38 million.
In a filing with Bursa Malaysia, AME REIT said the improved performance was primarily driven by contributions from four newly acquired properties, as well as higher rental rates secured through tenancy renewals during the previous financial year.
The REIT declared an interim income distribution of 2.15 sen per unit, amounting to RM11.46 million, payable on Sept 3, 2026 to unitholders on record as at Aug 14, 2026.
During the quarter, AME REIT completed the disposal of three industrial properties at i-Park SILC for RM14.47 million, generating a net realised gain of RM3.48 million.
It also entered into an agreement on July 22, 2026 to acquire three industrial land parcels totalling 8.87 acres for RM50.23 million, subject to the fulfilment of conditions precedent.
Looking ahead, the manager said it remains optimistic about the REIT’s performance for the financial year ending March 31, 2027, supported by its portfolio of industrial and industrial-related properties, which continues to enjoy a 100% occupancy rate.
