IGB-REIT's net property income grew 7.1% to RM133.1mil in 1Q25.
PETALING JAYA: IGB Real Estate Investment Trust
(IGB-REIT) expects retail businesses to face increased operational costs due to the upcoming electricity tariff hike in the latter half of 2025.
“The uncertainty over the geopolitical tariff wars will further increase operating expenses across the entire supply chain,” it said in a filing with Bursa Malaysia.
IGB-REIT recorded total revenue of RM171.4mil in its first quarter ended March 31, 2025 (1Q25), an increase of 5.4% compared to RM162.6mil in 1Q24.
Similarly, net property income grew 7.1% to RM133.1mil in 1Q25, compared to RM124.2mil in 1Q24.
The manager has proposed a distribution per unit of 3.19 sen for 1Q25, higher by 0.23 sen or 7.8% compared to 1Q24.
