AmFIRST REIT's Q1 FY27 PAT more than double on higher occupancy, lower property expenses, finance costs

AmFirst Real Estate Investment Trust (REIT) reported a substantial 102.8 per cent increase in profit after tax to RM6.6 million for Q1 FY27, largely attributed to higher occupancy rates, improved operating performance, and lower finance costs. Revenue from operations grew 7.5 per cent year-on-year to RM27.2 million, driven by stronger rental and car park income, as well as higher contributions from its co-working space operations.

Despite a 1.9 per cent fall in property expenses to RM11.4 million, the trust's overall operating performance was enhanced through disciplined cost management and stronger revenue contributions.

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