KUALA LUMPUR: IGB Real Estate Investment Trust
(IGB REIT) believes its portfolio is well positioned to benefit from a resilient retail sector in 2026, supported by continued economic growth, tourism and stable employment.
In a statement, the group said consumer spending is expected to remain selective amid rising living costs and global economic uncertainty, prompting retailers to continue prioritising operational efficiency while shoppers become increasingly value-conscious.
“Against this backdrop, IGB REIT's portfolio of market-leading retail assets is well positioned to benefit from its prime locations, diversified tenant base and active asset management approach.
“The first full financial year of contribution from The Mall, Mid Valley Southkey (MVS) is expected to further strengthen the portfolio, while ongoing asset enhancement initiatives and tenant mix optimisation will continue to elevate the quality and competitiveness of its malls,” it said.
Looking ahead, IGB REIT will remain focused on maintaining high occupancy, driving sustainable rental growth through proactive leasing strategies, preserving cost discipline, and delivering an attractive retail experience for shoppers and tenants.
These initiatives are expected to support the REIT's long-term resilience and sustainable value creation for unitholders, it said.
In the second quarter ended June 30 (2Q26), IGB REIT recorded a total revenue of RM241mil, up 50.5% against the preceding year’s quarter of RM160.1mil.
Net property income (NPI) rose to RM181.2mil, an increase of 51.1% compared to RM119.9mil in 2Q25.
Year-to-date total, IGB REIT’s revenue rose 51.5% to RM502.3mil, against RM331.5mil in the same period of 2025. In line with this,
NPI increased by 53.4% to RM388.2mil from RM253mil.
“The increase in both revenue and NPI were mainly due to the additional income and profit contributed by MVS Mall as well as higher rental income from Mid Valley Megamall and The Gardens Mall,” it said.
