Sunway REIT's Q3 net profit falls to RM116.17mil
KUALA LUMPUR: Sunway Real Estate Investment Trust (Reit) today reported a lower net profit of RM116.17 million in the third quarter ended Sept 30, 2026 (Q3 2026) compared to RM121.85 a year earlier.
Sunway Real Estate Investment Trust (REIT) reported a lower net profit of RM116.17 million in Q3 2026, down from RM121.85 million in the same quarter last year. Revenue also decreased by 1.4% to RM232.31 million, marking a decline from RM236.43 million in Q3 2025. The reduction in revenue was primarily due to the disposal of Sunway University and College Campus in September 2025, generating a one-off gain of RM25.6 million.
Overall, for the nine months ending September 30, 2026, net profit fell to RM331.80 million, and revenue grew to RM675.67 million. Sunway Reit Management CEO Derek Teh acknowledged the resilience and diversified nature of the portfolio, with the retail segment as the primary growth driver. The office and hotel segments also showed improved performance, while the hotel segment faced temporary headwinds from regional conflicts and haze disruptions.
In the coming months, Sunway Reit remains cautiously optimistic, with the retail segment expected to sustain growth, and the office and industrial segments poised for improved leasing and occupancy.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
