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.
Its revenue also eased by 1.4 per cent to RM232.31 million from RM236.43 million in the same quarter last year, the real estate investment trust said in a filing with Bursa Malaysia.
Sunway Reit Management Sdn Bhd, the manager of Sunway Reit, said the decline in revenue was mainly due to the disposal of Sunway university and college campus in September 2025 in line with its asset recycling strategy, resulting in a one-off gain on disposal of RM25.6 million in Q3 2025.
For the nine-month period ended Sept 30, 2026, net profit dropped to RM331.80 million from RM344.04 million in last year’s corresponding period.
Revenue, however, grew to RM675.67 million from RM666.69 million previously, driven by a stronger contribution of RM43.1 million from the retail segment, more than offsetting the absence of RM29.3 million in revenue contribution from Sunway university and college campus.
Sunway Reit Management chief executive officer Derek Teh Wan Wei said Sunway Reit continued to demonstrate the resilience and quality of its diversified portfolio in Q3 2026.
He said the retail segment remained the key growth driver, supported by strong shopper traffic, healthy tenant sales, positive rental reversions and sustained contributions from our retail assets.
Teh said the office segment also delivered improved performance on the back of stronger occupancy and leasing momentum, while the hotel segment experienced temporary headwinds arising from the ongoing conflicts in Middle East and haze-related disruptions in the Klang Valley.
“Looking ahead, we remain cautiously optimistic about Sunway Reit’s overall prospects for the remainder of 2026.
“The retail segment is expected to sustain its growth momentum, supported by resilient consumer spending, strong occupancy levels and positive rental reversions, while the office and industrial segments are poised to benefit further from continued leasing momentum and improving occupancy,” he said.
For the hotel segment, Teh said, Sunway Reit would remain focused on strengthening performance through proactive marketing and pricing strategies, while enhancing demand across banqueting and MICE activities.
“Moving forward, we will continue to prioritise proactive asset management, operational efficiency and sustainable growth to enhance portfolio resilience and deliver long-term value to our unitholders,” he said.
Sunway Reit owns a diversified portfolio of 28 properties comprising 14 retail properties, six hotels, five offices and three industrial properties, with a combined property value of RM10.3 billion.