Sentral REIT returns to the black


The real estate investment trust (REIT) manager reported yesterday the net profit was in stark contrast with the net losses of RM24.37mil a year ago. Its unrealised loss was reduced to RM8.4mil compared with RM43mil a year ago.

PETALING JAYA: Sentral REIT Bhd, formerly MRCB-Quill REIT, posted a net profit of RM12.22mil in the fourth quarter ended Dec 31,2020, and declared an income distribution of 3.65 sen per unit.

The real estate investment trust (REIT) manager reported yesterday the net profit was in stark contrast with the net losses of RM24.37mil a year ago. Its unrealised loss was reduced to RM8.4mil compared with RM43mil a year ago.

Its revenue slipped 2.9% to RM39.46mil from RM40.66mil a year ago. For the financial year ended Dec 31,2020 (FY20), its net profit more than doubled to RM72.57mil from RM29.12mil in FY19.

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