PETALING JAYA: Hektar Real Estate Investment Trust
(Hektar-REIT) recorded a 9.5% year-on-year (y-o-y) increase in net property income (NPI) to RM17.4mil for the second quarter ended June 30, 2026 supported by higher occupancy, tenancy remixing and cost optimisation.
Quarterly revenue was largely unchanged at RM32mil, while its NPI margin improved to 54.4% from 49.6% a year earlier.
Hektar-REIT said its portfolio recorded a positive rental reversion of 11.3% during the quarter, led by Segamat Central and Subang Parade.
Segamat Central recorded a positive rental reversion of 167%, supported by the opening of new anchor tenant Target Supermarket, while footfall rose 58.1% y-o-y. Subang Parade recorded a positive rental reversion of 12.3%.
For the first half ended June 30, NPI rose 5.8% to RM32.64mil from RM30.86mil a year earlier, with its NPI margin improving to 51.9%.
Realised income, however, fell to RM8.23mil from RM8.82mil previously.
