IGB Reit 2Q Net Profit Rises To RM139.27 Mln On Additional Income, Profit Contribution

KUALA LUMPUR, July 22 (Bernama) -- IGB Real Estate Investment Trust’s (IGB REIT) net profit for the second quarter ended June 30, 2026 (2Q 2026) rose 50.6 per cent to RM139.27 million against RM92.50 million in the same quarter a year ago.

Revenue jumped to RM240.95 million, a 50.5 per cent increase from RM160.09 million in 2Q 2025, while net property income was RM181.2 million, an increase of 51.1 per cent compared with the preceding year quarter’s RM119.9 million, the company said in a filing with Bursa Malaysia today.

It said the higher total revenue, net property income, and profit after taxation were mainly due to additional income and profit contributed by Mid Valley Southkey, as well as higher rental income from Mid Valley Megamall and The Gardens Mall.

For the first half of 2026 (1H 2026), IGB REIT’s net profit surged to RM302.08 million against RM199.08 million in 1H 2025, while revenue widened to RM502.29 million from RM331.53 million previously.

IGB REIT said it 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 added.

The REIT has declared an income distribution of 3.44 sen per unit, comprising 3.38 sen taxable and 0.06 sen non-taxable, for the financial period from April 1 to June 30, 2026, payable on Aug 21, 2026.

-- BERNAMA