KUALA LUMPUR: AME Real Estate Investment Trust (REIT) posted a net profit of RM116.72 million in the financial year ended March 31, 2026 (FY2026) from RM47.99 million recorded a year ago.
Revenue for the quarter under review improved to RM62.33 million from RM50.90 million
"The growth in revenue was primarily driven by contributions from four newly acquired properties during the financial year under review, as well as two properties acquired in the last quarter of the previous financial year, along with higher rental rates from tenancy renewals,” AME REIT said in a filing with Bursa Malaysia today.
In addition to the above factors, income before tax and net income for the year have increased significantly arising from the unrealised gain on fair value of investment properties amounting to RM86.04 million recorded for the year.
For the FY2026, AME REIT reported total rental income of RM62.3 million, a 22.4 per cent increase from RM50.9 million last year.
Correspondingly, FY2026 net property income rose 21.5 per cent to RM56.4 million from RM46.4 million.
"The robust operational performance, combined with continuous portfolio expansion and a fair value gain on investment properties, drove AME REIT’s total asset value to surpass the RM1.0 billion milestone,” it added.
For the fourth quarter ended March 31, 2026 (4Q 2026), AME REIT’s net profit jumped to RM88.21 million from RM20.80 million, while revenue improved to R16.49 million from RM13.06 million.
I REIT Managers Sdn Bhd chief executive officer and executive director Chan Wai Leo said AME REIT is finalising the remaining acquisition and divestments initiated during the financial year.
"The final property from its ongoing seven-asset acquisition pipeline from its sponsor, AME Elite Consortium Bhd, namely i-Park SAC 34, and the RM14.5 million divestment of three mature assets in i-Park @ SILC are both targeted for completion in the first half of 2026,” he said in a statement.
As at March 31, 2026, AME REIT’s portfolio comprised 40 industrial properties and three industrial-related workers’ dormitories, with a total agreed lettable area of 2.4 million square feet (sq ft).
These assets are primarily located across AME Group’s integrated industrial parks, including i-Park @ Indahpura, i-Park @ Senai Airport City, i-Park @ SILC, and i-TechValley at SILC.
Meanwhile, AME REIT will distribute 99.7 per cent of total distributable income for 4Q 2026, amounting to RM11.5 million and equivalent to a distribution per unit (DPU) of 2.16 sen, payable on May 28, 2026 to unitholders in the record of depositors at the close of business on May 8, 2026.
Total income distribution for FY2026 will amount to RM44.3 million, representing 99.9 per cent of the distributable income for the year and resulting in a total FY2026 DPU of 8.34 sen. - Bernama
