KUALA LUMPUR, IGB Real Estate Investment Trust (IGB REIT) reported a higher net profit of RM95.62 million for the third quarter ended Sept 30, 2025 (3QFY2025), compared with RM79.58 million a year earlier, driven by increased rental income.
The trust’s revenue rose to RM165.20 million from RM155.27 million in the same quarter last year, according to its filing with Bursa Malaysia on Wednesday.
For the cumulative nine months of FY2025, IGB REIT posted a net profit of RM294.70 million, up from RM260.73 million in the previous corresponding period, while revenue climbed to RM496.72 million from RM467.80 million.
In a separate announcement, IGB REIT declared an income distribution of 2.77 sen per unit for 3QFY2025, payable on Nov 20, 2025.
The trust also said that the acquisition of The Mall, Mid Valley Southkey in Johor Bahru is expected to be completed by the end of November 2025. The property is anticipated to strengthen IGB REIT’s portfolio by enhancing diversification and regional presence.
“Supported by developments such as the Johor-Singapore Special Economic Zone, the Rapid Transit System Link, and increased cross-border spending driven by a stronger Singapore dollar, the asset is expected to contribute positively to IGB REIT’s growth despite ongoing challenges in the retail market,” it added.
