AME REIT posts net profit of RM116.72mil for FY26
KUALA LUMPUR: AME Real Estate Investment Trust (REIT) posted a net profit of RM116.72 million in the financial year ended March 31, 2026 (FY2026) from RM47.99 million recorded a year ago. The post AME REIT posts net profit of RM116.72mil for FY26 appeared first on AME .
Source: Ame Real Estate Investment Trust · July 30, 2026 at 11:06 PM · AI-assisted report
KUALA LUMPUR, 31 JULY 2026 —
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KUALA LUMPUR: AME Real Estate Investment Trust (REIT) has reported a significant increase in net profit for the financial year ended March 31, 2026 (FY2026), with a net profit of RM116.72 million, up from RM47.99 million recorded in the previous year. This represents a substantial growth of 143% in net profit, driven primarily by contributions from newly acquired properties and higher rental rates from tenancy renewals.
Market Impact
The growth in revenue was primarily driven by the acquisition of four new properties during the financial year, as well as two properties acquired in the last quarter of the previous financial year. Additionally, the company benefited from higher rental rates from tenancy renewals, which contributed to the increase in revenue. For the quarter under review, revenue improved to RM62.33 million from RM50.90 million, while net profit jumped to RM88.21 million from RM20.80 million. The company's total rental income for FY2026 increased by 22.4% to RM62.3 million, while net property income rose by 21.5% to RM56.4 million.
The significant increase in net profit was also driven by an unrealised gain on the fair value of investment properties, which amounted to RM86.04 million for the year. This gain, combined with the robust operational performance and continuous portfolio expansion, drove AME REIT's total asset value to surpass the RM1.0 billion milestone. The company's portfolio currently comprises 40 industrial properties and three industrial-related workers' dormitories, with a total agreed lettable area of 2.4 million square feet. These assets are primarily located across AME Group's integrated industrial parks, including i-Park @ Indahpura, i-Park @ Senai Airport City, i-Park @ SILC, and i-TechValley at SILC.
I REIT Managers Sdn Bhd chief executive officer and executive director Chan Wai Leo stated that AME REIT is finalising the remaining acquisition and divestments initiated during the financial year. The final property from its ongoing seven-asset acquisition pipeline from its sponsor, AME Elite Consortium Bhd, namely i-Park SAC 34, and the RM14.5 million divestment of three mature assets in i-Park @ SILC are both targeted for completion in the first half of 2026. This move is expected to further enhance the company's portfolio and drive growth in the future.
In terms of distribution, AME REIT will distribute 99.7% of total distributable income for 4Q 2026, amounting to RM11.5 million and equivalent to a distribution per unit (DPU) of 2.16 sen, payable on May 28, 2026 to unitholders in the record of depositors at the close of business on May 8, 2026. Total income distribution for FY2026 will amount to RM44.3 million, representing 99.9% of the distributable income for the year and resulting in a total FY2026 DPU of 8.34 sen.
The company's management team, including Mr. Lee Chun Kiat, Ms. Lee Ling Sien, and Ms. Lim, have played a crucial role in driving the company's growth and success. Mr. Lee Chun Kiat, who commenced his career as a Corporate Planning Executive at AME Development Sdn Bhd in June 2020, has been instrumental in executing AME REIT's strategy to expand the fund size. Ms. Lee Ling Sien, who has over 10 years of experience in sales and marketing of properties, is responsible for AME REIT's real estate management and operations. Ms. Lim, who joined AME Development Sdn Bhd in August 2011, has been involved in sales and marketing strategic planning, conducting presentations, and negotiating commercial terms.
The significant increase in net profit and total asset value is expected to have a positive impact on the company's stakeholders, including unitholders and investors. The company's strong performance is also expected to contribute to the growth of the Malaysian economy, particularly in the industrial and real estate sectors. As the company continues to expand its portfolio and drive growth, it is likely to remain a key player in the Malaysian real estate investment trust (REIT) market.
Looking ahead, AME REIT is well-positioned to continue its growth trajectory, driven by its robust operational performance, continuous portfolio expansion, and fair value gain on investment properties. The company's management team is committed to delivering long-term value to unitholders and stakeholders, and its strong track record of success is expected to continue in the future. With its total asset value surpassing the RM1.0 billion milestone, AME REIT is poised to remain a leading player in the Malaysian REIT market, and its future prospects look promising. Details not yet available on the company's future plans and strategies, but it is likely that the company will continue to focus on expanding its portfolio and driving growth through strategic acquisitions and divestments.