UOA REIT’s 1QFY25 Net Profit Declines To RM9.9 Million

For the quarter ended 31 March 2025, UOA REIT recorded a total revenue of RM26 million, which remained flat as to its last year’s 1Q revenue. Total expenditure amounted to RM20 million, with RM11.8 million attributable to property operating expenses and RM8,448,024 attributable to non-property operating expenses.

Profit after tax was RM9.9 million down compared to the same period in FY24 of RM11.6 million.

UOS noted that compared to the corresponding quarter last year, gross rental income has increased by approximately 13.3%, driven by improved occupancies. The increase in total expenditure was mainly due to an increase in property operating expenses and borrowing costs.

The higher property operating expenses were primarily due to the increase in maintenance costs. Realised earnings per unit for the quarter under review has decreased from 1.73 sen to 1.47 sen.

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