PETALING JAYA: Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) fell 3.9% to RM173.8 million in the third quarter ended Sept 30, 2026, as weaker hotel performance and higher property operating expenses weighed on earnings despite continued growth in its retail portfolio.
Revenue declined 1.7% to RM232.3 million from RM236.4 million in the corresponding quarter last year, primarily due to the disposal of Sunway University’s university and college campus in September 2025 as part of its asset recycling strategy.
Realised profit attributable to unitholders fell 19.1% to RM116.1 million from RM143.6 million previously, which included a one-off gain of RM25.6 million from the campus disposal.
