PETALING JAYA: Trive Property Group Bhd
expects its investment property segment to remain stable in the coming quarter supported by recurring rental income from existing tenants.
In a filing with Bursa Malaysia, the company said it remained cautious due to ongoing market uncertainties and potential pressure on occupancy and rental rates in a slower economic environment.
For the quarter ended Oct 31, 2025, Thrive Property reported a net profit of RM189,000 on revenue of RM2.06mil.
There is no comparative quarter as the financial year end has been changed from July 31, 2025 to Jan 31, 2026.
It said the renewable segment continues to face challenges arising from reduced project demand and tighter margins.
“The lower sales recorded during the current quarter reflect these conditions. Management anticipates that market conditions will remain challenging in the near term, especially with rising competition and cost pressures impacting project viability and customer investment decisions.”
