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

Sentral REIT has announced a realised net income and realised earnings per unit (EPU) of MYR18.2 million and 1.70 sen respectively for its 3Q 2023.

This is similar to the realised net income and EPU recorded in the preceding quarter.

Correspondingly for YTD2023, the REIT recorded a realised net income and EPU of MYR53.5 million and 4.99 sen respectively.

These represent a decrease of 6.2% each from the corresponding period in 2022.

The lower income recorded in YTD 2023 was mainly due to higher utility expenses and finance cost, said the REIT.

Sentral REIT has warned that its financial performance may continue to be impacted by broader market uncertainties, including the increase in sales and services tax, utility costs and higher interest rates.

But the REIT remains committed to drive sustainable income and long-term growth, said Saw Choo Boon, Chairman of the REIT’s manager.

Sentral REIT was last done on the Bursa Malaysia at MYR0.83.

By Shariffa Al-Habshee

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