Platinum Sentral helps lift MQREIT net income


PETALING JAYA: MRCB-Quill REIT (MQREIT) posted higher net income at RM15.7mil for the quarter ended Sept 30, representing a 76.1% increased from the same quarter a year earlier on income contribution from Platinum Sentral.

Revenue during the quarter was higher at RM31.81mil against RM17.53mil a year ago due to the acquisition of Platinum Sentral on March 30, higher revenue from Plaza Mont’ Kiara and rental rate increases for some properties.

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