PETALING JAYA: Paradigm Real Estate Investment Trust
(Paradigm REIT) remains cautiously optimistic despite geopolitical and economic uncertainties, while maintaining a disciplined approach to operations and capital management.
The trust said volatility arising from the Persian Gulf conflict could continue to affect energy markets, fuel inflation and weigh on consumer confidence in the near term, although Visit Malaysia Year 2026 is expected to support tourist arrivals, mall footfall and retail spending.
For the second quarter ended June 30, 2026, Paradigm REIT recorded revenue of RM60.46mil, while net property income rose 2.9% quarter-on-quarter to RM40.36mil, mainly due to higher car park and rental income as well as lower operating expenses.
Profit after taxation increased 2.4% from the preceding quarter to RM28.52mil, while distributable income stood at RM29.63mil, equivalent to 1.85 sen per unit.
In a filing with Bursa Malaysia, Paradigm REIT said its immediate priorities are to actively manage its leasing pipeline, backfill remaining vacancies, carry out asset enhancement initiatives and pursue yield-accretive acquisitions to strengthen its income-generating portfolio.
The REIT manager proposed an income distribution of RM29.33mil, representing about 98.99% of its distributable income, or 1.83 sen per unit, which goes ex on Aug 21 and is payable on Sept 15.
