Kuala lumpur: IGB Real Estate Investment Trust’s net profit rose to RM92.51 million in the second quarter ended June 30, 2025 (2Q 2025), compared to RM81.55 million in the same period a year ago. Revenue also increased to RM160.09 million from RM149.97 million previously, mainly due to the higher rental income in 2Q 2025, according to a Bursa Malaysia filing today.

According to BERNAMA News Agency, the company remains optimistic about long-term opportunities despite a softer retail outlook. Retail Group Malaysia has revised its full-year 2025 retail sales growth forecast down to 3.1 percent from 4.3 percent. However, IGB REIT plans to capitalize on its expansion strategy, including the proposed acquisition of The Mall, Mid Valley Southkey.

The company highlighted the advantages of the Johor retail market, which benefits from initiatives such as the Johor-Singapore Special Economic Zone, the Rapid Transit System Link, and strong cross-border spending. Upon completion, the acquisition is expected to enhance and diversify IGB REIT’s portfolio.

In the first half of the year, the company’s net profit also improved to RM199.08 million from RM181.16 million a year ago, while revenue advanced to RM331.53 million from RM312.53 million previously.