KUALA LUMPUR (July 29): Atrium Real Estate Investment Trust (KL:ATRIUM) reported a 14% increase in its second-quarter net property income (NPI), driven by higher rental contributions from its industrial assets.

In a Bursa Malaysia filing on Wednesday, the REIT announced for the quarter ended June 30, 2026 (2QFY2026), NPI rose to RM12.46 million from RM10.93 million a year earlier while gross revenue grew 13.6% to RM13.67 million from RM12.03 million.

The REIT attributed the revenue growth to the commencement of tenancy for the newly completed Atrium Shah Alam 5 (ASA5) in September 2025, additional tenancy transition income from ASA3 and rental rate step-ups across existing leases.

Atrium REIT declared a second interim income distribution per unit of 2.6 sen, payable on Aug 28.

For the first half of FY2026, Atrium REIT’s NPI rose 10.8% to RM24.47 million from RM22.08 million a year earlier while gross revenue increased 6.1% to RM250.43 million from RM236.10 million. Realised net income for the six-month period grew 27.6% to RM14.93 million from RM11.70 million.

As of June 30, 2026, the REIT maintained a 100% portfolio occupancy rate.

Moving forward, the REIT's manager said it remains cautious amid geopolitical headwinds in West Asia and global economic uncertainties.

However, it noted that Atrium REIT’s property portfolio will remain resilient and continue delivering a sustainable performance throughout FY2026, supported by stable industrial asset demand and proactive asset management strategies.

Atrium REIT units closed unchanged at RM1.20 on Wednesday, giving a market capitalisation of RM318.66 million.