Sentral REIT's 1Q net property income rises 30% but finance costs weigh
Sentral REIT, which has 53% of its portfolio by valuation located in KL Sentral here, also has exposure in Cyberjaya (13% of portfolio) and Penang (6%).
Sentral REIT, which has 53% of its portfolio by valuation located in KL Sentral here, also has exposure in Cyberjaya (13% of portfolio) and Penang (6%).
For the full year of FY2024, net profit increased by 35.
According to the REIT, its property operating expenses for the quarter surged 52% y-o-y due to operating expenses incurred for the new property, upgrading works, and higher utility costs driven by additional consumption under the hot weather.
Revenue for the quarter ended March 31, 2024 (1QFY2024) rose 42.
During the quarter, AME REIT registered RM12.
Net trust income rose to RM42.
A distribution per unit of 1.
Net property income for the fourth quarter ended March 31, 2024 (4QFY2024) fell to RM14.