PETALING JAYA: Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar-REIT), is actively exploring avenues for growth by ensuring a strong portfolio of retail brands in its malls.
In the third quarter ended Sept 30 (3Q22), Hektar-REIT’s net profit jumped to RM13.50mil from RM1.4mil a year earlier, while revenue for the period jumped 62.4% to RM31.06mil, mainly due to the increased rental income, including higher turnover rent, increased car park income and higher hotel rates.
Basic earnings per share stood at 2.87 sen versus 0.30 sen a year earlier.
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