Sentral REIT posted a marginally higher realised net income for the first quarter ended March 31, 2026, supported by contributions from newly acquired assets and improved occupancy across its property portfolio.
The net realised income rose 1.1% year-on-year to RM19.8 million from RM19.6 previously recorded, while realised revenue increased 3.4% to RM48.7 million. Earnings per unit and distributable income per unit climbed 1.2% to 1.66 sen.
Chairman Saw Choo Boon said the stronger performance was mainly driven by contributions from Arcoris Mont’ Kiara and better operating performance from existing properties.
Portfolio occupancy improved to 89% during the quarter, up from 86% in the preceding quarter and 84% a year earlier, while weighted average lease expiry strengthened to 4.8 years from 4.33 years previously, he added.
Financially, he highlighted that Sentral REIT’s balance sheet also improved, with aggregate leverage easing to 45.3% from 45.6% in the previous quarter. Average borrowing cost declined to 4.22% from 4.29%, while interest coverage remained healthy at 2.58 times.
Meanwhile, Chief Executive Officer Tay Hui Ling said the group remained cautiously optimistic on the office market outlook and would continue exploring opportunities to diversify into other asset classes to strengthen long-term returns for unitholders.
