AmanahRaya Real Estate Investment Trust (“AmanahRaya REIT”) via its Manager, AmanahRaya-Kenedix REIT Manager Sdn. Bhd., is pleased to announce its financial results for the financial year ended 31 December 2025 (“FY2025”), delivering improved operating performance supported by stronger rental contributions and lower financing costs.
AmanahRaya REIT recorded NPI of RM53.79 million, marking a 9.31% increase from RM49.21 million achieved in the previous corresponding period. The stronger performance was driven by improved occupancy at key office assets, stable tenant renewals, as well as additional rental contributions from newly acquired properties. Net income after tax for the year rose to RM7.31 million compared to RM1.80 million previously, representing a robust increase of approximately 305.25% year-on-year.
Property operating expenses increased 10.47% to RM31.27 million from RM28.31 million previously, reflecting higher maintenance and operational activities across the portfolio. Trust expenses rose 58.8% to RM15.48 million compared to RM9.75 million in the preceding year, mainly due to the revision of the Manager’s fee pursuant to the Supplementary Trust Deed and fees arising from the tenant acquisition.
As at 31 December 2025, the Trust’s Net Asset Value (“NAV”) stood at RM717.32 million, with NAV per unit at RM1.2514 before income distribution, compared to RM1.2605 previously, representing a 0.7% moderation year-on-year. The gearing ratio stood at 45.65%.
The Management of AmanahRaya-Kenedix REIT Manager Sdn. Bhd. (“AKRM”) said, “The cumulative improvement in net property income and significant recovery in net income demonstrate the resilience of AmanahRaya REIT’s diversified portfolio. Our focus on occupancy optimisation, disciplined cost management and proactive refinancing has strengthened our income base and enhanced long-term stability.”
Looking ahead, the Manager remains focused on sustaining rental income visibility through active asset management, tenant retention initiatives and prudent capital management. The addition of the industrial asset with a secured 10-year tenancy further enhances recurring income stability, positioning the Trust for sustainable distribution performance.
