Kuala lumpur: IGB Real Estate Investment Trust's (IGB REIT) net profit for the second quarter ended June 30, 2026 (2Q 2026) experienced a significant increase of 50.6 per cent, reaching RM139.27 million compared to RM92.50 million in the same quarter the previous year.

According to BERNAMA News Agency, the revenue for this period jumped to RM240.95 million, marking a 50.5 per cent increase from RM160.09 million in 2Q 2025. Additionally, the net property income rose by 51.1 per cent to RM181.2 million, compared with RM119.9 million in the preceding year's quarter. The company attributed this growth to additional income and profit contributions from Mid Valley Southkey, as well as increased rental income from Mid Valley Megamall and The Gardens Mall.

For the first half of 2026 (1H 2026), IGB REIT's net profit surged to RM302.08 million against RM199.08 million in 1H 2025, while revenue expanded to RM502.29 million from RM331.53 million previously. IGB REIT emphasized its focus on maintaining high occupancy rates, driving sustainable rental growth through proactive leasing strategies, preserving cost discipline, and delivering an attractive retail experience for both shoppers and tenants. The company believes these initiatives will support the REIT's long-term resilience and sustainable value creation for its unitholders.

Furthermore, the REIT declared an income distribution of 3.44 sen per unit, with 3.38 sen being taxable and 0.06 sen non-taxable, for the financial period from April 1 to June 30, 2026. This distribution is set to be payable on August 21, 2026.