AME REIT extends record quarterly net property income, declares 2.06 sen distribution

KUALA LUMPUR (Feb 5): AME Real Estate Investment Trust (KL:AMEREIT) reported on Wednesday a 23% year-on-year increase in net property income (NPI) for the latest quarter, thanks to higher rental income from newly acquired properties and positive rental reversions.

NPI for the third quarter ended Dec 31, 2025 (3QFY2026) rose to RM14.40 million from RM11.71 million, according to the REIT in a filing with Bursa Malaysia. Revenue climbed 25% to RM16.03 million, while net profit increased 4.5% to RM9.57 million.

“Our 3QFY2026 performance marks a second consecutive quarter of record NPI, underscoring the sustained growth momentum of our industrial portfolio and validating our yield-accretive acquisition strategy,” said Chan Wai Leo, the CEO and executive director of AME REIT's manager I REIT Managers Sdn Bhd.

The trust’s ability to maintain 100% committed occupancy alongside positive rental reversions highlights the resilience of its portfolio, supported by strong tenant demand within the Johor-Singapore Special Economic Zone, Chan added in a statement.

AME REIT, which focuses primarily on industrial assets, declared a distribution per unit (DPU) of 2.06 sen, payable on March 18. This represents a near-full distribution of its distributable income for the quarter, amounting to RM10.9 million.

As at end-2025, the REIT’s portfolio comprised 40 industrial properties and three industrial-related workers’ dormitories, with a total agreed lettable area of about 2.5 million sq ft and a portfolio market value of RM883.5 million.

The assets are mainly located within the AME group’s integrated industrial parks, including i-Park @ Indahpura, i-Park @ Senai Airport City, i-Park @ SILC and i-TechValley @ SILC.

Chan said AME REIT’s capital recycling initiatives—including the disposal of mature assets at attractive valuations—continue to strengthen its balance sheet and position the trust for its next phase of expansion.

“As we integrate newly acquired properties into our portfolio, we remain on track to surpass the RM1 billion total asset value mark,” he added.

For the cumulative nine months ended Dec 31, 2025, AME REIT said NPI rose 19.1% to RM41.5 million. Total distributable income amounted to RM32.8 million, translating into a cumulative DPU of 6.18 sen, compared with 5.60 sen over the same period last year.

Shares in AME REIT closed two sen or 1.2% higher at RM1.73 on Wednesday, giving the trust a market capitalisation of RM917.4 million.

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