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.
