AME REIT posts slight rise in 4Q property income, to pay 1.83 sen per unit

• NPI for the fourth quarter ended March 31, 2024 (4QFY2025) rose  1.66% year-on-year to RM11.59 million from RM11.40 million, according to its filing with Bursa Malaysia.

KUALA LUMPUR (April 23): AME Real Estate Investment Trust (KL:AMEREIT) on Wednesday reported a marginal increase in net property income (NPI) for its fourth financial quarter, thanks to contributions from two newly-acquired industrial properties which were, however, offset by higher operating expenses.

NPI for the fourth quarter ended March 31, 2024 (4QFY2025) rose  1.66% year-on-year to RM11.59 million from RM11.40 million, according to its filing with Bursa Malaysia.

Revenue increased 4.64% to RM13.06 million from RM12.48 million in 4QFY2024. Net profit, however, fell 12.67% to RM20.80 million from RM23.82 million, due to a lower fair value gain on investment properties.

The trust, which mainly manages industrial assets, declared an interim income distribution of 1.83 sen per unit amounting to RM9.67 million, which is payable to unitholders on May 30.

For the full financial year, NPI rose 4.5% to RM46.44 million from RM44.4 million in FY2024. Revenue totalled RM50.9 million, a 6% increase from RM48 million previously.

Total distributable income for the year amounted to RM39.20 million or 7.43 sen per unit, compared with 7.35 sen previously.

AME REIT said it remains optimistic on its prospects for FY2026, with full occupancy rates across its portfolio.

The REIT's portfolio comprises 36 industrial properties and three industrial-related properties.

In March 2025, the trust announced the acquisition of three industrial properties, including i-Park @ Senai Airport City for RM39.3 million. The other two properties located in the i-TechValley at Southern Industrial Logistic Clusters were priced at RM30.8 million each.

AME REIT closed up nine sen or 5.5% at RM1.73 on Wednesday, giving it a market capitalisation of RM913.4 million.

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