PETALING JAYA: Sentral Real Estate Investment Trust
(Sentral-REIT) expects the Klang Valley office market to remain challenging amid a tenant-led environment and rising cost pressures, while the retail market is likely to stay supported by domestic spending and higher tourist arrivals.
For the first quarter ended March 31, 2026 (1Q26), Sentral-REIT’s net income was marginally higher by 1% year-on-year (y-o-y) to RM19.82mil, or earnings per unit of 1.66 sen.
Revenue saw an uptick of 2% y-o-y to RM48.54mil, driven by the full-quarter revenue contribution by Arcoris Mont’ Kiara and better performance from existing properties within the portfolio.
In a filing with Bursa Malaysia, the group said its property operating expenses was higher by RM1.6mil on a y-o-y basis, amounting to RM12.5mil in 1Q26 driven by the full-quarter inclusion of Arcoris Plaza into the portfolio following its acquisition in late 2025 and higher operating expenses during the quarter.
