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PETALING JAYA (July 31): YTL Hospitality REIT posted a 62.1% increase in net profit for the financial year ended June 30, 2026 (FY2026), driven by higher net property income (NPI), fair value gains on investment properties and lower finance costs. The REIT also declared a total income distribution of 8 sen per unit for the year.
Revenue rose 4% year on year to RM570.35 million from RM548.32 million, while NPI increased 7.5% to RM313.97 million from RM292.07 million. Income available for distribution grew 6.9% to RM140.78 million, enabling the REIT to maintain a 100% payout ratio.
Management said in a Bursa Malaysia filing on Thursday (July 30) that the stronger operating performance was driven by new rental income from AC Hotel Ipoh and AC Hotel Puchong, although revenue growth was partly offset by the weaker Australian dollar against the ringgit.
YTL Hospitality REIT declared a final income distribution of 4.9189 sen per unit for the six months ended June 30, comprising 4.6232 sen taxable and 0.2957 sen non-taxable, bringing its full-year distribution to 8 sen per unit, up from 7.75 sen in FY2025.
The distribution will be paid on Aug 28, with an ex-date of Aug 12 and an entitlement date of Aug 13.
For the fourth quarter ended June 30 (4QFY2026), revenue slipped 0.6% to RM126.33 million from RM127.05 million, reflecting lower hotel revenue under management contracts.
However, NPI rose 3.5% to RM66.19 million, while income available for distribution edged up 1.1% to RM53.82 million, supported by higher rental income from master leases, including new rental income from AC Hotel Puchong, which commenced operations in April 2026.
Quarterly net profit more than doubled to RM119.55 million from RM56.24 million, lifted mainly by higher fair value gains on investment properties.
The REIT's net asset value (NAV) per unit improved to RM1.8269 as at June 30, 2026, from RM1.7246 a year earlier.
It also recorded a RM292 million revaluation surplus during FY2026 and retained approximately RM959 million of debt headroom for future acquisitions after taking into account the ongoing Moxy Niseko development in Japan.
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