{
  "id": 2117690,
  "title": "Hektar Reit's Q2 income climbs 33.6pct",
  "url": "https://urgent.news/2026/08/20/hektar-reits-q2-income-climbs-33-6pct",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T10:16:41.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1515418/hektar-reits-q2-income-climbs-336pct"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar Reit) witnessed a significant 33.6 per cent increase in net realized income to RM6.23 million in its second quarter, ending June 30, 2026, compared to RM4.66 million a year ago. This growth was primarily driven by a 9.5 per cent year-on-year rise in net property income (NPI) to RM17.4 million, up from RM15.9 million in the same period last year. The improvement was attributed to lower property operating expenses and successful cost management initiatives, which led to a higher NPI margin of 54.4 per cent. Hektar Reit's revenue for the quarter decreased slightly to RM31.92 million from RM31.99 million. Over the six-month period, earnings climbed to RM10.88 million from RM8.82 million, with revenue remaining relatively stable at RM62.94 million from RM62.92 million. Hektar Asset Management's CEO, Zainal Iskandar, highlighted that the enhanced performance in NPI and operating margins indicates that the company's strategies across its portfolio are yielding tangible results. He attributed this success to higher occupancy rates, active tenant remixing, and disciplined cost management. The company is now entering a new phase of its growth strategy, as recent non-retail acquisitions have diversified its portfolio and created additional recurring income streams. Hektar Reit's total assets reached RM1.53 billion by June 30, 2026, from RM1.46 billion the previous year, with the net asset value per unit improving to RM1.0533. The diversified portfolio, recurring rental income, and ongoing focus on strategic tenant remixing, rental reversions, targeted asset enhancement initiatives, and disciplined cost management are expected to sustain the company's growth. Hektar Reit's recent acquisitions are anticipated to progressively contribute lease income in upcoming quarters, while the stronger performance from non-retail assets will further bolster the resilience and diversification of its earnings base.",
  "summary": "KUALA LUMPUR: Hektar Real Estate Investment Trust’s (Hektar Reit) net reaslised income rose 33.6 per cent to RM6.23 million in the second quarter ended June 30, 2026 from RM4.66 million a year ago, lifted by its net property income (NPI).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}