KUALA LUMPUR: Paradigm Real Estate Investment Trust
(Paradigm REIT) has recorded net property income of RM39.2mil with revenue of RM60.5mil for the first quarter ended March 31, 2026 (1Q26), while profit after tax stood at RM27.8mil.
Its distributable income remained healthy at RM28.9mil, with a distributable income margin of 47.8%.
The quarter also supported a distribution per unit of 1.80 sen, translating into an annualised distribution yield of 7.7% based on the closing unit price of 95.5 sen as at March 31, 2026.
As at March 31, Paradigm REIT continued to record strong occupancy across its portfolio, with Paradigm Mall Johor Bahru at 99.5%, Paradigm Mall Petaling Jaya at 98.6% and Bukit Tinggi Shopping Centre fully occupied.
“This reflects the strength of the REIT’s suburban retail portfolio, supported by a diversified tenant base spanning food and beverage, fashion, supermarket and departmental store, entertainment, lifestyle and essential trade segments,” it said in a statement.
The REIT also maintained a healthy balance sheet during the quarter, with total assets of RM2.57bil and net asset value of RM1.65bil. Its net asset value stood at RM1.03 per unit before income distribution and RM1.01 per unit after the income distribution payable on June 10, 2026.
Borrowings amounted to RM842.9mil, translating into a debt-to-total asset ratio of 32.8%, below the regulatory limit of 50%.
Paradigm REIT Management Sdn Bhd CEO Chua Kah Noi Selena said the quarter provided a clearer view of the REIT’s recurring operating performance, particularly following the non-cash revaluation gain recognised in the previous quarter.
“Our focus remains straightforward: keep our malls relevant, maintain a strong tenant mix, and preserve dependable cash flows for unitholders.
“Retail mall management is not just about filling up space. It is about understanding what each neighbourhood needs, how shoppers move through the mall, and what tenant mix will keep them coming back.
