Distribution of 2.9128 Sen per Unit Declared
Kuala Lumpur, Thursday 20 February 2025
YTL Hospitality REIT’s revenue increased 11% to RM147.5 million for the 3 months ended 31 December 2024 compared to RM132.7 million for the previous 3 months ended 30 September 2024. Net property income (NPI) grew 15% to RM79.5 million for the current quarter under review compared to RM68.9 million last quarter, whilst income available for distribution stood at RM25.8 million for the current quarter, compared to RM26.5 million for the preceding quarter.
Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, said, “The hotel segment, comprising the Australia portfolio, registered an increase in revenue and NPI mainly driven by corporate groups, conferences and large-scale and major events including concerts, festivals and sporting activities, which contributed to higher average daily room and occupancy rates. Meanwhile, revenue and NPI in the property rental segment, consisting of the Malaysian and Japanese properties, approximated that of the previous quarter”.
The Board of Directors of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, declared an interim distribution of 2.9128 sen per unit for the 6 months from 1 July 2024 to 31 December 2024, the book closure and payment dates for which are 6 March 2025 and 27 March 2025, respectively. The total income distribution amounts to RM49.6 million, representing approximately 95% of the total distributable income for the financial period ended 31 December 2024.
Comparison with Preceding Quarter
| 3 months ended | |||
| 31.12.2024 RM million | 30.09.2024 RM million | Variance % | |
| Revenue | 147.5 | 132.7 | +11 |
| NPI | 79.5 | 68.9 | +15 |
| Distributable income | 25.8 | 26.5 | -3 |