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- The dip was mainly due to higher maintenance costs, which, according to its bourse filing, drove property operating expenses higher.
KUALA LUMPUR (Nov 18): UOA Real Estate Investment Trust (KL:UOAREIT) posted a marginal 0.2% decline in net profit to RM10.45 million for the third quarter ended Sept 30, 2025 (3QFY2025), compared with RM10.48 million a year earlier, despite an 8.3% rise in gross rental income.
The dip was mainly due to higher maintenance costs, which, according to its bourse filing, drove property operating expenses higher.
Property operating expenses surged 36.6% to RM12.45 million from RM9.11 million previously. In contrast, non-property expenses eased 3.5% to RM8.12 million from RM8.41 million, aided by lower impairment losses on financial assets.
Gross rental income for the quarter climbed to RM30.07 million, up from RM27.77 million a year ago.
No dividend was declared for the period.
For the nine months ended Sept 30, net profit rose 3.5% to RM31.3 million from RM30.24 million, while gross rental income increased 10.1% to RM89.85 million from RM81.58 million.
UOA REIT said the acquisition of three commercial properties announced on Oct 2 will expand its asset base and lift rental income once completed.
The manager added that it will keep gearing within allowed limits while actively managing the portfolio to deliver the best returns to unitholders.
At Tuesday’s market close, shares of UOA REIT were unchanged at 84.5 sen, valuing the trust at RM570.9 million.
