In a filing with Bursa Malaysia, the company said earnings in the first quarter were bolstered by rental income from Pavilion Kuala Lumpur Mall
PETALING JAYA: Pavilion Real Estate Investment Trust
’s (Pavilion REIT) net profit for its first quarter ended March 31 increased 11% to RM65.35mil from RM57.02mil in the previous corresponding period, while revenue rose to RM131.51mil from RM118.94mil.
In a filing with Bursa Malaysia, the company said earnings in the first quarter were bolstered by rental income from Pavilion Kuala Lumpur Mall’s tenants after the repositioning exercise and higher occupancy rate at the Intermark Mall.
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