YTL Hospitality REIT (YTL-REIT) has entered into a long-term lease agreement for its hotel property in Puchong, Selangor — now operating as AC Hotel Puchong — with Prisma Tulin Sdn Bhd, a wholly-owned subsidiary of YTL Corp Bhd.
In a filing with Bursa Malaysia, YTL-REIT said the lease will commence on April 1, 2026 and run for an initial period of 15 years, with an option to renew for an additional 15 years upon expiry. The arrangement provides the REIT with a stable and recurring income stream over the long term.
Under the agreement, the annual rental is fixed at RM3.64 million for the first five years. The rental will then increase to RM3.822 million for years six to 10, and further rise to RM4.013 million for years 11 to 15. The lease also includes a 5% step-up in rental every five years throughout the tenure.
The transaction is considered a related-party arrangement as Prisma Tulin is part of the YTL Corp group. However, the structured rental escalation and long-term tenure are expected to provide earnings visibility and support YTL-REIT’s income stability.
Separately, YTL-REIT reported improved financial performance for the second quarter ended Dec 31, 2025. Net profit increased to RM47.77 million from RM32.42 million in the corresponding quarter a year earlier, while revenue rose to RM154.47 million compared with RM147.49 million previously.
