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BUSINESS • 23/07/2026 06:39 PM

Pavilion REIT Records Higher Net Profit Of RM89.03 Mln In 2Q FY2026

KUALA LUMPUR, July 23 (Bernama) -- Pavilion Real Estate Investment Trust (REIT) has recorded a higher net profit for the second quarter ended June 30, 2026 (2Q FY2026) of RM89.03 million against RM78.66 million in the same quarter last year.

In a filing with Bursa Malaysia, it said revenue rose by four per cent to RM221.01 million versus RM213.34 million previously.

Rental income from Banyan Tree Kuala Lumpur, Pavilion Hotel Kuala Lumpur as well as the Pavilion Bukit Jalil’s sustained occupancy levels contributed to the rise in revenue. Banyan Tree Kuala Lumpur and Pavilion Hotel Kuala Lumpur were acquired on June 20, 2025.

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The filing also noted that rental income from Pavilion Kuala Lumpur Mall declined marginally due to the ongoing Level 3 retail space reconfiguration. 

For the six months ended June 30, 2026, net profit rose to RM194.84 million versus RM169.08 million for the same period a year ago.

Revenue also edged up by six per cent to RM466.91 million from RM441.51 million in the same period last year. 

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The increase was mainly contributed by rental income from the two newly acquired hotels on June 20, 2025, supported by Pavilion Bukit Jalil’s sustained occupancy levels. 

The board declared an interim income distribution of 5.17 sen per unit for the financial year ending Dec 31, 2026, comprising 4.97 sen per unit of taxable income and 0.20 sen per unit of non-taxable income.

On prospects, Pavilion REIT said it will continue to build momentum through a diverse line-up of experiential and cultural activities to sustain shoppers’ engagement and support Visit Malaysia Year 2026. 

The management will also continue to monitor costs associated with the upkeep and enhancement of its properties, the filing said.

-- BERNAMA

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