Sentral REIT anticipates broader market headwinds
Commenting on the REIT's outlook, CEO Derek Teh Wan Wei said it expects to be impacted by broader market headwinds, including the expanded sales and services tax, electricity tariff reforms and uncertainty over tariff tensions.
"However, Sentral REIT remains committed to drive sustainable income and long-term growth. We will maintain our focus on positioning and growing Sentral's property portfolio to adapt to market changes," he said in a statement.
In the second quarter ended June 30, 2025 (2QFY25), Sentral REIT recorded a realised net income of RM20.14mil, down from RM20.53mil in the year-ago quarter. Income per share slipped to 1.68 sen from 1.72 sen in the previous quarter.
Revenue in 2QFY25 dipped to RM47.7mil from RM49.03mil in the comparative quarter.
For the six-month period, the REIT's net income was slightly lower at RM39.74mil compared to RM40.42mil in 1HFY24, while revenue contracted to RM95.15mil from RM98.72mil in the year-ago period.
It declared an interim distribution of 3.16 sen per unit, with ex date on Aug 21, 2025, and payable on Sept 18, 2025.
Sentral REIT has about 460,000 sq ft or 21% of its total committed lettable space due for renewal in 2025, with 62,000 sq ft expiring in 2Q25.
According to Sentral REIT Management Sdn Bhd, it successfully renewed 99% of these leases due in 2Q25.
"The average occupancy rate is healthy at 85% with a weighted average lease term to expiry at 4.54 years.
"Early negotiations have proven effective, whereby 95% of the leases up for renewal in 3Q 2025 have been renewed in advance."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 days ago
- The Star
Trading ideas: SD Guthrie, Mah Sing, ITMAX, Annum, Golden Pharos, Sentral REIT
KUALA LUMPUR: Stocks likely to attract trading interest today include SD Guthrie Bhd , Mah Sing Group Bhd , ITMax System Bhd , Annum Bhd , Golden Pharos Bhd , and Sentral Real Estate Investment Trust (Sentral REIT), following their latest corporate announcements. SD Guthrie posted a net profit of RM505mil for the second quarter ended June 30, 2025 (2Q25), up from RM415mil in the same quarter last year. The group reported revenue of RM5.17bil compared to RM4.97bil in 2Q24. ITMax's 70%-owned subsidiary, Selmax Sdn Bhd, has been appointed as the operator of the Selangor Intelligent Parking (SIP) system by the Shah Alam City Council (MBSA). Mah Sing has acquired 1.485-acres of freehold land in the heart of the KLCC precinct from the MUI Group for RM260mil. The property developer said the land will be redeveloped into a premium freehold serviced apartment project with an estimated gross development value of RM1.28bil. Units are indicatively priced from RM898,000. Annum, a plywood products manufacturer, will be delisted from Bursa Malaysia on August 12, 2025, following the dismissal of its appeal for an extension of time to submit a regularisation plan. Golden Pharos's unit GP Plywood has appointed GK Vest as the operator for a biochar production facility on 1.19 acres in Dungun, Terengganu, under an 80:20 revenue-sharing agreement. Sentral REIT posted a lower realised net income of RM20.14mil in 2QFY25 versus RM20.53mil a year earlier, as revenue slipped to RM47.7mil from RM49.03mil. For 1HFY25, net income was slightly lower at RM39.74mil, while revenue declined to RM95.15mil. It declared a 3.16 sen interim distribution, ex-date Aug 21, payable Sept 18.
The Star
2 days ago
- The Star
Sentral-REIT's 2Q25 net income dips
PETALING JAYA: Sentral Real Estate Investment Trust 's (Sentral-REIT) second-quarter net income dipped slightly on the year as the Klang Valley office market continues to face ongoing supply and flight-to-quality pressures. In the second quarter ended June 30, 2025 (2Q25), Sentral-REIT recorded a realised net income of RM20.14mil, down from RM20.53mil in the year-ago quarter. Income per share slipped to 1.68 sen from 1.72 sen in the previous quarter. Revenue in 2Q25 dipped to RM47.7mil from RM49.03mil in the comparative quarter. For the six-month period, the REIT's net income was slightly lower at RM39.74mil compared to RM40.42mil in 1H24, while revenue contracted to RM95.15mil from RM98.72mil in the year-ago period.
The Star
3 days ago
- The Star
Sentral REIT anticipates broader market headwinds
KUALA LUMPUR: Sentral Real Estate Investment Trust 's (Sentral REIT) second-quarter net income dipped slightly on the year as the Klang Valley office market continues to face ongoing supply and flight-to-quality pressures. Commenting on the REIT's outlook, CEO Derek Teh Wan Wei said it expects to be impacted by broader market headwinds, including the expanded sales and services tax, electricity tariff reforms and uncertainty over tariff tensions. "However, Sentral REIT remains committed to drive sustainable income and long-term growth. We will maintain our focus on positioning and growing Sentral's property portfolio to adapt to market changes," he said in a statement. In the second quarter ended June 30, 2025 (2QFY25), Sentral REIT recorded a realised net income of RM20.14mil, down from RM20.53mil in the year-ago quarter. Income per share slipped to 1.68 sen from 1.72 sen in the previous quarter. Revenue in 2QFY25 dipped to RM47.7mil from RM49.03mil in the comparative quarter. For the six-month period, the REIT's net income was slightly lower at RM39.74mil compared to RM40.42mil in 1HFY24, while revenue contracted to RM95.15mil from RM98.72mil in the year-ago period. It declared an interim distribution of 3.16 sen per unit, with ex date on Aug 21, 2025, and payable on Sept 18, 2025. Sentral REIT has about 460,000 sq ft or 21% of its total committed lettable space due for renewal in 2025, with 62,000 sq ft expiring in 2Q25. According to Sentral REIT Management Sdn Bhd, it successfully renewed 99% of these leases due in 2Q25. "The average occupancy rate is healthy at 85% with a weighted average lease term to expiry at 4.54 years. "Early negotiations have proven effective, whereby 95% of the leases up for renewal in 3Q 2025 have been renewed in advance."
