KUALA LUMPUR (Feb 5): AME Real Estate Investment Trust (AME REIT) posted a strong set of results for the third quarter ended Dec 31, 2025, recording a 23% year-on-year growth in net property income (NPI), supported by higher rental contributions from recently acquired assets and sustained positive rental reversions across its portfolio.
In a filing with Bursa Malaysia, the industrial-focused REIT reported NPI of RM14.40 million for 3QFY2026, compared with RM11.71 million a year earlier. Quarterly revenue increased 25% to RM16.03 million, while net profit rose 4.5% to RM9.57 million.
According to Chan Wai Leo, chief executive officer and executive director of the REIT manager, the latest performance marked the second consecutive quarter of record NPI, reflecting continued momentum within AME REIT’s industrial portfolio.
“The results reinforce the effectiveness of our yield-accretive acquisition strategy and highlight resilient demand for well-located industrial properties,” he said, adding that the portfolio maintained 100% committed occupancy alongside positive rental adjustments.
The strong leasing performance was driven by sustained tenant demand within the Johor–Singapore Special Economic Zone, a trend that mirrors rising interest in strategically positioned industrial land in Selangor, factory developments in Puchong, and industrial property in the Subang area, where modern logistics and manufacturing assets remain tightly held.
AME REIT declared a distribution per unit (DPU) of 2.06 sen, payable on March 18, representing an almost full payout of its quarterly distributable income of RM10.9 million.
As at end-2025, the trust owned 40 industrial buildings and three industrial-related workers’ dormitories, with a combined lettable area of approximately 2.5 million sq ft and a total portfolio value of RM883.5 million. The assets are primarily located within AME Group’s integrated industrial parks, including i-Park @ Indahpura, i-Park @ Senai Airport City, i-Park @ SILC and i-TechValley @ SILC.
Chan noted that ongoing capital recycling initiatives, including the disposal of mature assets at favourable valuations, have strengthened the REIT’s balance sheet and positioned it for further expansion.
“With newly acquired assets being integrated, we remain on track to exceed RM1 billion in total asset value,” he said.
For the nine months ended Dec 31, 2025, AME REIT reported a 19.1% increase in NPI to RM41.5 million, while cumulative distributable income reached RM32.8 million, translating into a DPU of 6.18 sen, up from 5.60 sen a year earlier.
AME REIT’s performance reflects broader structural demand for industrial real estate across Malaysia, complementing stable fundamentals seen in commercial property in KL and emerging demand for office space in Bukit Jalil, particularly among logistics, technology, and data-driven occupiers seeking integrated locations.
Shares of AME REIT closed two sen higher at RM1.73, valuing the trust at a market capitalisation of approximately RM917.4 million.
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