KUALA LUMPUR, IGB Real Estate Investment Trust (IGB REIT) reported a net profit of RM92.51 million for the second quarter ended June 30, 2025 (2Q 2025), up from RM81.55 million in the same period last year.
Revenue grew to RM160.09 million from RM149.97 million previously, driven by stronger rental income, the company said in a filing with Bursa Malaysia today.
Looking ahead, IGB REIT noted that while the retail outlook remains soft — with Retail Group Malaysia revising its full-year 2025 retail sales growth forecast down to 3.1% from 4.3% — it remains positive about long-term prospects.
The trust pointed to its expansion plans, including the proposed acquisition of The Mall, Mid Valley Southkey in Johor, as a key growth driver.
“The Johor retail market is supported by initiatives such as the Johor-Singapore Special Economic Zone, the Rapid Transit System Link, and strong cross-border spending. Subject to completion, this acquisition will further strengthen and diversify IGB REIT’s portfolio,” it said.
For the first half of 2025, net profit rose to RM199.08 million from RM181.16 million a year earlier, while revenue climbed to RM331.53 million from RM312.53 million previously.
