Sentral REIT property, Menara Shell. (Photo: REITsWeek)Sentral REIT property, Menara Shell. (Photo: REITsWeek)

Sentral REIT has reported its lowest portfolio occupancy in recent years amid a glut of office supply in the Klang Valley area.

Sentral REIT is a Malaysia-listed REIT with a portfolio of 9 mostly office assets across the country’s financial capital, Kuala Lumpur.

The REIT disclosed on 19 August that its 2Q net realised net income was MYR18.45 million, a decline of 18.5% compared to the corresponding quarter in the preceding year.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.