Last updated on August 28, 2025
KUALA LUMPUR, 29 August 2025 — AmanahRaya Real Estate Investment Trust (AmanahRaya REIT) reported a steady performance for the second quarter ended 30 June 2025 (Q2 FY2025), with rental income rising 13.8% year-on-year to RM19.1 million from RM16.8 million a year earlier.
The increase was primarily driven by new tenancy agreements secured earlier this year, improved occupancy levels at Vista Tower, and contributions from the newly acquired Sekolah Tinta property.
As a result of these gains, net property income (NPI) climbed to RM11.0 million, up from RM10.5 million in Q2 FY2024, reflecting the trust’s ability to extract higher yields from its diversified portfolio.
Half-Year Momentum and Balance Sheet Strength
For the first half of FY2025, AmanahRaya REIT’s cumulative rental income advanced 14.7% to RM39.0 million, while cumulative NPI increased to RM23.7 million, compared with RM21.9 million in the same period last year.
The trust’s net asset value (NAV) stood at RM721.5 million, equivalent to RM1.2586 per unit, as at 30 June 2025. Its gearing ratio remained at 44.5%, consistent with prudent financial management despite a growing asset base.
Strategic Growth Through Industrial Assets
Datuk Mohd Iskandar Dzulkarnain Ramli, Managing Director of AmanahRaya-Kenedix REIT Manager Sdn Bhd, said the results validate the REIT’s resilience and proactive leasing approach.
“With the recent acquisition, we are further enhancing our portfolio into the industrial segment, ensuring sustainable and balanced growth in line with our transformation agenda,” he stated.
This direction was reinforced by the sale and purchase agreement signed on 22 May 2025 for an industrial asset in Teluk Panglima Garang. The acquisition is expected to be completed by Q4 2025, expanding the REIT’s industrial exposure and providing additional long-term income stability.
Outlook: Sustained Resilience, Diversified Growth
The second quarter results highlight AmanahRaya REIT’s ability to generate consistent rental income growth despite market headwinds. With strong occupancy across its core assets, measured gearing, and expansion into industrial properties, the REIT is positioned to deliver resilient distributions and sustainable returns for unitholders in the coming quarters.
