AME-REIT eyes future projects for new assets
PETALING JAYA: AME Real Estate Investment Trust 's (AME-REIT) manager plans to leverage the group's future property development projects, as well as third-party assets, to source and acquire properties in Malaysia that align with its investment strategy.
In a filing with Bursa Malaysia, AME-REIT said this approach aims to generate stable cash flow and offer potential for long-term income and capital growth.
For the fourth quarter ended March 31, 2025, AME REIT's net profit dipped to RM20.8mil from RM23.82mil in the same period last year.
However, revenue improved to RM13.06mil from RM12.48mil a year ago.
For the full financial year, AME-REIT's net profit dropped to RM47.99mil from RM51.13mil a year earlier, while revenue grew to RM50.9mil from RM48mil.
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