IGB REIT net profit up 5.3% on higher rental income


IGB Real Estate Investment Trust owns Mid Valley Megamalll and the neighbouring Gardens Mall in Kuala Lumpur.

PETALING JAYA: IGB Real Estate Investment Trust’s (REIT) net profit rose 5.3% to RM79.8mil for the third quarter ended Sept 30 from RM75.8mil in the previous corresponding period due to higher rental income.

The REIT said its revenue jumped 1.9% to RM136.3mil for the quarter in review from RM133.7mil previously, mainly due to higher rental income.

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