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🏢 IGBCR: 9% Dividend Yield. Revenue Up, Profit Down? Here’s What You Need to Know!
IGB Commercial REIT (IGBCR, Bursa: 5299) just released its Q3 FY2026 results. At a unit price of RM0.605, it offers an 9% distribution yield and trades at a massive 36.9% discount to its NAV.
At first glance, the numbers seem contradictory:
📈 Revenue grew +3.0% QoQ (RM73.37M) & NPI reached RM45.78M.
📉 Reported Profit After Tax dropped -16.2% QoQ to RM29.35M.
Here is what you need to know:
✅ Revenue: RM71.2 million (+10.3% YoY)
✅ Net Property Income: RM45.1 million (+18.5% YoY)
✅ Distribution (DPU): 1.35 sen per unit (Up from 1.03 sen in 2Q2025!)
✅ Total Occupancy: Improved to 94.1%