AME REIT posts RM116.72mil net profit for FY26
AME Real Estate Investment Trust (AME REIT) reported a net profit of RM116.72 million for the financial year ended March 31, 2026, more than doubling from RM47.99 million a year earlier.
Source: Ame Real Estate Investment Trust · July 30, 2026 at 11:06 PM · AI-assisted report
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KUALA LUMPUR, 31 JULY 2026 —
AME Real Estate Investment Trust (AME REIT) reported a net profit of RM116.72 million for the financial year ended March 31, 2026, more than doubling from RM47.99 million a year earlier.
Market Impact
Revenue climbed 22.4% to RM62.33 million from RM50.90 million, while net property income rose 21.5% to RM56.4 million from RM46.4 million, according to a Bursa Malaysia filing. The trust attributed the gains to four new acquisitions completed during the year, two bought in the last quarter of FY25, and higher rental rates from lease renewals.
An unrealised gain of RM86.04 million on the fair value of investment properties lifted total assets above RM1 billion for the first time. “The growth in revenue was primarily driven by contributions from four newly acquired properties during the financial year under review, as well as two properties acquired in the last quarter of the previous financial year, along with higher rental rates from tenancy renewals,” AME REIT said in the filing.
Fourth-quarter net profit jumped to RM88.21 million from RM20.80 million, while revenue increased to RM16.49 million from RM13.06 million. The REIT will distribute 99.7% of fourth-quarter distributable income—RM11.5 million—equivalent to a 2.16 sen distribution per unit, payable on May 28 to unitholders on the register at May 8. For the full year, total distributions will reach RM44.3 million, or 99.9% of distributable income, translating to an 8.34 sen DPU.
I REIT Managers Sdn Bhd chief executive Chan Wai Leo said the REIT is nearing completion of its seven-asset acquisition pipeline from sponsor AME Elite Consortium Bhd. The final asset, i-Park SAC 34, and the RM14.5 million divestment of three mature properties in i-Park @ SILC are both targeted for completion in the first half of 2026.
AME REIT’s portfolio 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 located across AME Group’s integrated industrial parks, including i-Park @ Indahpura, i-Park @ Senai Airport City, i-Park @ SILC, and i-TechValley @ SILC.
The trust’s board includes executive director Lee Ling Sien, who oversees real estate operations, and Lee Chun Kiat, alternate director and former investment officer responsible for origination and due diligence. Both have no conflicts and no material regulatory sanctions in the past five years, according to the FY2026 annual report. Operations manager Lim Yook Kim, who joined AME Development in 2011, handles marketing and commercial operations without competing interests or convictions.
Analysts tracking the industrial REIT sector will watch the completion of the remaining pipeline assets and divestments, which Chan said will be finalised in the first half of 2026. Occupancy remains high across AME REIT’s parks, supported by sustained demand from logistics, manufacturing and light industrial tenants.