KUALA LUMPUR, 23 October 2025 – IGB Real Estate Investment Trust (IGB REIT) posted a 6.4% year-on-year increase in revenue from RM155.3 million to RM165.2 million, in the third quarter ended 30 September 2025 (3QFY2025). Its net profit rose to RM95.6 million from RM 79.6 million for the same comparable period.

The growth is mainly attributed to higher rental income across its retail assets.

IGB REIT’s net property income (NPI) climbed to RM124.9 million, up 9.5% from the RM114.1 million recorded in the same quarter in 2024.

Its total revenue for the first nine months of FY2025 jumped to RM496.7 million, up 6.2% year-on-year from RM467.8 million, while its NPI climbed to RM 377.9 million, up 8.6% from RM 347.8 million.

The trust also declared a 97.5% income distribution for the quarter, amounting to RM100.5 million or 2.77 sen per unit.

Operating conditions remain challenging with the increase in electricity tariffs, minimum wage adjustments, and subdued consumer confidence.

However, IGB REIT’s purchase of The Mall, Midvalley Southkey in Johor is expected to strengthen its earnings. The acquisition is due to be completed by the end of November 2025.

Author

Bernard Lee
Bernard is a social activist dedicated to championing community empowerment, equality, and social justice. With a strong voice on issues affecting grassroots communities, he brings insightful perspectives shaped by on-the-ground advocacy and public engagement. As a columnist for The Ledger Asia, Bernard writes thought-provoking pieces that challenge norms, highlight untold stories, and inspire conversations aimed at building a more inclusive and equitable society.