PETALING JAYA: AmFIRST Real Estate Investment Trust (REIT) has declared a final income distribution of 1.42 sen per unit for the fourth quarter of its financial year ended March 31,2021 (FY21).
This would bring the trust’s total income distribution to 2.82 sen per unit for FY21.
It posted a net property income of RM63.85mil for FY21, compared with RM76.56mil in the preceding year.
For FY21, the trust’s realised gross revenue fell 11.3% to RM102.93mil from RM116.04mil in FY20, due mainly to the rental rebate and waiver given to tenants impacted by Covid-19 pandemic.
It was also affected by the lower average occupancy of Prima 9, Wisma AmFIRST, Jaya 99, The Summit Retail and Office and lower monthly rental income from The Summit Hotel.