Pavilion Reit records lower net profit of RM92.9mil in Q3

Pavilion Real Estate Investment Trust (Reit) reported a decline in its net profit for the third quarter of 2026, amounting to RM92.90 million, compared to RM94.58 million in the same period a year earlier. The company's revenue also experienced a slight decrease of 0.3%, amounting to RM227.29 million from RM227.88 million. This decline in revenue was primarily attributed to reduced advertising income at Elite Pavilion Mall, according to a filing with Bursa Malaysia.

For the nine months of 2026, Pavilion Reit's net profit increased to RM287.74 million, up from RM263.66 million in the comparable period of the previous year. Meanwhile, revenue for the nine months rose to RM694.20 billion, up from RM669.39 billion. The increase in revenue was mainly driven by rental income from the two newly acquired hotels, Pavilion Bukit Jalil, which were acquired on June 20, 2025, along with sustained occupancy levels at Pavilion Reit's properties.

Looking ahead, Pavilion Reit stated its commitment to supporting the Malaysia Tourism 2026 initiative through proactive management of its properties. The company aims to maintain steady distributions for its unitholders by collaborating with the tourism ministry and relevant associations.