AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) posted a 53.5% increase in net income after taxation to RM6.6 million for the six months ended June 30, 2026 (1H26), from RM4.3 million a year earlier, supported by stronger rental income across its property portfolio.
Cumulative rental revenue rose 15.6% to RM45.1 million from RM39 million, driven by improved contributions across its property segments and additional income from its newly acquired industrial property in Telok Panglima Garang.
The industrial asset, acquired in mid-December 2025, began contributing full rental income from January this year, strengthening the REIT’s recurring income stream.
Property expenses increased 10.2% to RM16.8 million from RM15.3 million, mainly due to revised tax assessments and higher building maintenance costs.
Trust expenses rose to RM7.5 million from RM6.2 million, reflecting higher manager’s fees, agency fees related to securing new tenants and other professional expenses. Borrowing costs edged up to RM13.9 million from RM13.2 million following higher borrowings for asset acquisitions.
For the second quarter, AmanahRaya REIT recorded total revenue of RM21.9 million, up from RM19.1 million, while net income after taxation increased 20% to RM1.2 million from RM1 million.
Looking ahead, the REIT is focusing on asset enhancement, cost optimisation and portfolio rejuvenation.
Rental income from the revamped former Holiday Villa Alor Star, which will reopen as Serasi Padi Hotel, commenced in June, while efforts are underway to secure tenants for its Cyberjaya office property.
The manager is also looking to divest ageing assets and redeploy the proceeds into higher-quality properties as part of its strategy to strengthen recurring income and improve the overall quality of the portfolio.
