Pavilion REIT net profit forecasts raised on da:men
Pavilion REIT’s lower 3QFY15 y-o-y earnings were mainly attributed to higher quit rent and assessment expenses (3QFY15: RM2.7 million versus 3QFY14: RM200,000) and utility costs (+28.7% y-o-y). This has nudged down 3QFY15’s net profit margin by 3.1 percentage points to 59.0%, as compared with 3Q14.