MRCB-Quill REIT property, Menara Shell. (Photo: REITsWeek)

Malaysia-listed Sentral REIT has reported distribution per unit (DPU) 7.08 sen for its FY2020, which is 4.1% higher compared to the FY2019 DPU of 6.80 sen.

The DPU consists of an interim distribution of 3.43 sen which was paid to Sentral REIT unitholders on 30 September 2020.

It also includes a proposed final distribution of 3.65 sen for the six-month period ended 31 December 2020.

The proposed final distribution of 3.65 sen is expected to be paid on Friday, 26 February 2021.

For its 4Q 2020, Sentral REIT achieved a realised net income of MYR20.61 million (USD4.9 million), which is 10.8% higher than the realised net income of MYR18.61 million recorded for the fourth quarter of 2019.

The higher realised net income for this quarter was mainly attributable to lower property operating expenses and finance cost incurred, said the REIT.

For the full year, Sentral REIT achieved a realised net income and distributable income of MYR80.95 million, an increase of 12.3% and 10.9% compared to the realised net income and distributable income of MYR72.11 million and MYR73.01 million recorded for FY2019.

Sentral REIT’s full statement on the results can be viewed here.

The proposed final distribution of 3.65 sen is expected to be paid on Friday, 26 February 2021.

Sentral REIT was last done on the Bursa Malaysia at MYR0.91.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.