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ARREIT reported a 14.7% increase in net rental revenue, reaching RM39.0 million, driven by new tenancies, higher occupancy at Vista Tower, new rental income from Sekolah Tinta, and stable renewals at Selayang Mall. Property expenses rose by 26.45% to RM15.3 million due to maintenance and operational activities. Trust expenses increased to RM6.2 million, mainly from higher Manager's fees and administrative costs. Borrowing costs decreased by 7.0% to RM13.2 million, as lower interest was due to a recent drawdown of RM33.9 million, resulting in no interest charge for the quarter.
Disappointed 2nd Quarter 2025 result. NPI & Profit dropped. last quarter 3mil, this quarter 977k profit. The occupancy rate can be reflected with NPI. Comparing the NPI FY2024, it does not show a significant increase.
ARREIT is likely to trend upward as long as 0.37 stays as the support level. If the price breaks above 0.40, it could potentially head towards 0.425, before testing the short-term target of 0.45