Sunway REIT's 1Q net profit dips to RM86.98mil on absence of Sunway Medical Centre

KUALA LUMPUR: Sunway Real Estate Investment Trust (REIT) experienced a lower contribution from its services segment in the first quarter ended March 31, 2024, following the disposal of Sunway Medical Centre (Towers A and B) in August last year.

In a filing with Bursa Malaysia, the REIT reported a lower net profit of RM86.98mil in the first quarter ended March 31, 2024, as compared to RM96.46mil in the year-ago quarter.