PETALING JAYA: Atrium Real Estate Investment Trust (Atrium REIT) is maintaining a cautious front due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks.
Despite the uncertainties, the REIT told Bursa Malaysia that its portfolio of properties will remain resilient and is expected to continue delivering sustainable performance for the financial year of 2023.
For its second quarter ended June 30, 2023, Atrium REIT’s net profit stood at RM5.44mil, compared with RM5.43mil in the previous corresponding period, while revenue rose slightly to RM9.87mil from RM9.52mil a year earlier.
Basic earnings per share stood at 2.05 sen versus 2.65 sen previously.
For the six-month period ended June 30, 2023, Atrium REIT’s net profit stood at RM10.78mil, compared with RM10.94mil a year earlier, while revenue was at RM19.73mil compared with RM19.03mil previously.
For the current quarter ended June 30, the manager has declared a second interim income distribution of 1.75 sen per unit, amounting to RM4.6mil. The book closure and payment dates have been fixed on Aug 18 and Sept 4 respectively.
