IGB REIT and IGB Commercial REIT lift quarterly distributions

IGB REIT declared a distribution of 3.51 sen per unit for the quarter ended Sept 30, 2026, a 26.7% year-on-year increase, according to its results filing. Separately, IGB Commercial REIT approved 1.37 sen per unit, compared with 1.03 sen a year earlier, as both trusts reported higher property income.

The distributions represent payouts of RM152.2 million by IGB REIT and RM33.3 million by IGB Commercial REIT. Both are scheduled for payment on Nov 30.

IGB REIT reported quarterly net property income (NPI) of RM185.2 million, an increase of 48.3%, while revenue reached RM249.3 million, up 50.9%. The Mall, Mid Valley Southkey in Johor contributed RM61.9 million in NPI and revenue of RM78.7 million following its acquisition in November 2025.

Its Kuala Lumpur properties, Mid Valley Megamall and The Gardens Mall, together generated RM170.6 million in revenue, about 3.3% higher. Their combined NPI declined about 1.3% to RM123.3 million. Occupancy across the three malls stood at 98.5% at end-September.

IGB Commercial REIT reported NPI of RM45.8 million for the third quarter, up 21.6%, with higher occupancy and rents supporting the result. Revenue increased 14.3% to RM73.4 million.

The office portfolio’s occupancy reached 95% at end-September, versus 92% a year earlier. Average monthly rent increased to RM6.74 per sq ft from RM6.53, while the lease renewal rate was about 91% by net lettable area.

For the first nine months of FY2026, IGB REIT recorded RM573.4 million in NPI on revenue of RM751.6 million. IGB Commercial REIT’s nine-month NPI reached RM135.3 million, with revenue at RM213.5 million.