Sentral REIT has achieved a realised net income of RM79.8 million for the financial year ended Dec 31, 2024 (FY24), compared to RM74.2 million recorded in FY23.
The higher realised net income of 7.5% in FY24 was mainly attributable to higher revenue contributions from Sentral REIT's Cyberjaya properties and full-year revenue contributions from Menara CelcomDigi, net of higher property operating expenses and finance costs.
For its realised revenue for the fourth quarter ended Dec 31, 2024 (4Q24), Sentral REIT recorded an increase of 5.5% to RM47.4 million compared to RM44.89 million recorded in 4Q23.
Moving forward, Sentral REIT said it will prioritise asset management and leasing strategies focused on cost efficiency and tenant retention to drive organic growth as economic conditions are anticipated to remain uncertain in 2025, with inflationary pressures continuing to pose challenges.
At the same time, Sentral REIT will also seek growth opportunities by actively exploring acquisitions, broadening its focus to include a diversified asset base while adhering to a disciplined and prudent growth strategy.
Comment(0)
Reason For Report