PETALING JAYA: AME Real Estate Investment Trust’s (AME REIT) net property income (NPI) for the second quarter ended Sept 30, 2026 (Q2’27) rose 11.5% to RM16 million from RM14.36 million a year earlier, driven by contributions from newly acquired properties and tenancy renewals at higher rental rates.
Revenue for the quarter increased 11.9% to RM17.55 million from RM15.68 million, according to a filing with Bursa Malaysia.
The trust also recorded an unrealised fair value gain of RM5.05 million on investment properties during the quarter.
Net income grew 56% to RM15.17 million from RM9.72 million a year earlier, while distributable income increased 2% to RM11.71 million from RM11.47 million.
AME REIT proposed an interim income distribution of RM11.7 million, equivalent to 2.19 sen per unit, for the quarter. The distribution is payable on Nov 26.
For the first half of FY27, NPI rose 15.3% to RM31.24 million from RM27.1 million a year earlier, while revenue increased 14.7% to RM34.18 million from RM29.81 million.
The growth was primarily driven by contributions from newly acquired properties and tenancy renewals at higher rental rates. Net income for the six-month period increased to RM25.4 million from RM18.93 million, while distributable income rose to RM23.16 million from RM21.85 million.
AME REIT completed the acquisition of three industrial land parcels totalling 8.87 acres for RM50.23 million on Sept 23.
As at Sept 30, its portfolio comprised 44 investment properties, including 38 industrial properties, three industrial-related properties and three industrial land parcels held for development. The portfolio had an investment property value of RM1.05 billion, while total assets stood at RM1.1 billion.
The manager said the trust’s existing industrial and industrial-related property portfolio, excluding land held for development, had a 100% occupancy rate and expressed optimism about achieving favourable performance for the financial year ending March 31, 2027.