| Financial Year Ended 31 December | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| No. of Months Actual / Restated |
9 months Unaudited |
12 months Actual |
12 months Actual |
12 months Actual |
12 months Actual |
| Presented in RM'000 | |||||
| Gross rental income | 52,004 | 67,901 | 68,998 | 82,352 | 88,542 |
| Other income | 5,081 | 3,899 | 2,545 | 3,748 | 6,370 |
| Total revenue | 57,085 | 71,800 | 71,543 | 86,101 | 94,912 |
| Utilities expenses | (6,141) | (5,720) | (2,330) | (4,288) | (6,581) |
| Maintenance expenses | (3,171) | (3,523) | (3,135) | (3,842) | (4,239) |
| Quit rent and assessment | (1,470) | (1,745) | (1,661) | (1,832) | (1,730) |
| Property manager fee | (363) | (476) | (467) | (484) | (413) |
| Other property expenses | (7,600) | (8,897) | (8,955) | (10,685) | (12,828) |
| Total property expenses | (18,746) | (20,361) | (16,549) | (21,131) | (25,791) |
| Net property income | 38,340 | 51,439 | 54,994 | 64,970 | 69,121 |
| Investment income | 569 | 512 | 330 | 452 | 1,067 |
| Gain on fair value of investment properties | - | 46,675 | (12,741) | (31,262) | 3,543 |
| Total investment income | 569 | 47,186 | (12,411) | (30,810) | 4,610 |
| Net investment income | 38,909 | 98,625 | 42,583 | 34,160 | 73,731 |
| Islamic financing costs: | |||||
| Finance costs | (26.429) | (26,629) | (24,474) | (26,883) | (31,637) |
| Imputed finance costs | (1,747) | (1,565) | (2,007) | (2,185) | |
| Allowance for expected credit losses of trade receivables | (143) | (9,528) | (13,405) | - | |
| Shariah advisors' fee | (7) | (10) | (11) | - | - |
| Manager’s fees | (1,942) | (2,461) | (2,478) | (2,323) | (2,230) |
| Trustee’s fees | (96) | (117) | (120) | (125) | (124) |
| Audit fees | (270) | (200) | (196) | (155) | |
| Valuation fees | (540) | (340) | (605) | (521) | |
| Other expenses | (1,096) | (706) | (680) | (901) | (727) |
| Total Fund expenses | (29,570) | (32,624) | (39,396) | (46,445) | (37,578) |
| Profit before tax | 9,339 | 66,001 | 3,187 | (12,285) | 36,153 |
| Income tax expense | - | (585) | 17 | (1,246) | - |
| Profit for the financial period/year and total comprehensive income for the financial period/year | 9,339 | 65,416 | 3,204 | (13,531) | 36,153 |
| Total comprehensive income for the financial period/year is made up as follows: | |||||
| Realised | 6,924 | 15,733 | 14,644 | 14,555 | 28,395 |
| Unrealised | 2,416 | 49,683 | (11,440) | (28,086) | 7,758 |
| 9,339 | 65,416 | 3,204 | (13,531) | 36,153 | |
| Earnings per unit (sen) | |||||
| Gross | 1.61 | 11.38 | 0.55 | (2.12) | 6.23 |
| Net | 1.61 | 11.28 | 0.55 | (2.33) | 6.23 |
| Net income distribution | 6,380 | 14,500 | 13,340 | 12,064 | 33,002 |
| Income distribution per unit (sen): | |||||
| Gross | 1.10 | 2.50 | 2.30 | 2.08 | 4.75 |
| Net | 1.10 | 2.50 | 2.30 | 2.08 | 4.75 |