KUALA LUMPUR: JLG Reit Managers Sdn Bhd, the Manager of Al-`Aqar Healthcare Real Estate Investment Trust, recorded a stable revenue of RM29.2 million for the third quarter (Q3) ended September 30, 2025 (FY25), a marginal increase compared to RM28.9 million in Q3 FY24, reflecting steady rental contributions across the portfolio.
Net property income (NPI) also remained stable at RM25.5 million, marking a slight
increase of 2% from RM24.9 million in Q3 FY24.
The increase in revenue and NPI was primarily due to rental improvements resulting from lease renewals for Taiping Medical Centre, KPJ Seremban Specialist Hospital, KPJ Healthcare University College, and KPJ International College of Nursing and Health Sciences, completed in August 2025.
Al-`Aqar Healthcare REIT declared a distribution per unit (DPU) of 1.73 sen for Q3 FY25, bringing total DPU for the nine-month period to 5.20 sen.
These results demonstrate Al-`Aqar Healthcare REIT’s ability to preserve earnings quality through active asset management and optimisation of operating costs.
CEO Zulhilmy Kamaruddin said the company’s Q3 FY25 performance reflects the resilience and stability of its healthcare assets.
“We also look forward to the commencement of rental contributions from the new KPJ Ampang Puteri and KPJ Penang extension buildings in Q4 2025, as it will further reinforce our income stream and support performance.
“In terms of portfolio growth, we are constantly on the lookout for attractive healthcare assets, be it sponsor-driven or third-party assets, to drive the next phase of growth for Al-`Aqar,” he said.
