| Financial Year Ended 31 December | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| No. of Months Actual / Restated |
12 months Actual |
12 months Actual |
12 months Actual |
12 months Actual |
3 months Unaudited |
| Presented in RM'000 | |||||
| Gross rental income | 67,901 | 69,467 | 68,501 | 77,562 | 19,698 |
| Other income | 3,899 | 6,816 | 9,952 | 11,263 | 2,928 |
| Total revenue | 71,800 | 76,283 | 78,453 | 88,825 | 22,625 |
| Utilities expenses | (5,720) | (8,517) | (9,323) | (8,427) | (1,766) |
| Maintenance expenses | (3,523) | (4,282) | (4,456) | (5,031) | (900) |
| Quit rent and assessment | (1,745) | (1,952) | (1,716) | (1,806) | (430) |
| Property manager fee | (476) | (481) | (474) | (474) | (119) |
| Other property expenses | (8,897) | (10,142) | (11,069) | (11,988) | (3,271) |
| Total property expenses | (20,361) | (25,374) | (27,038) | (27,727) | (6,485) |
| Net property income | 51,439 | 50,908 | 51,415 | 61,098 | 16,140 |
| Investment income | 512 | 936 | 898 | 1,132 | 297 |
| Loss on fair value of investment properties | 46,675 | 12,583 | (1,947) | (3,078) | (666) |
| Gain on disposal of asset held for sale | - | - | - | 100 | - |
| Total investment income | 47,186 | 13,518 | (1,049) | (1,846) | (369) |
| Net investment income | 98,625 | 64,427 | 50,366 | 59,252 | 15,771 |
| Islamic financing costs: | |||||
| Finance costs | (26,629) | (34,550) | (38,407) | (36,923) | (7,809) |
| Imputed finance costs | (1,747) | (1,942) | (2,090) | (3,185) | (198) |
| Allowance for expected credit losses of trade receivables | (143) | (1,500) | - | - | - |
| Shariah advisors' fee | (10) | (9) | (8) | - | (2) |
| Manager’s fees | (2,461) | (2,590) | (2,611) | (3,002) | (1,140) |
| Trustee’s fees | (117) | (128) | (130) | (132) | (46) |
| Audit fees | (270) | (590) | (230) | (240) | (65) |
| Valuation fees | (540) | (378) | (399) | (318) | (87) |
| Other expenses | (706) | (856) | (960) | (1,615) | (263) |
| Total Fund expenses | (32,624) | (42,543) | (44,834) | (45,416) | (9,610) |
| Profit before tax | 66,001 | 21,884 | 5,532 | 13,836 | 6,161 |
| Income tax expense | (585) | (182) | (248) | (215) | - |
| Profit for the financial period/year and total comprehensive income for the financial period/year | 65,416 | 21,702 | 5,284 | 13,621 | 6,161 |
| Total comprehensive income for the financial period/year is made up as follows: | |||||
| Realised | 15,733 | 7,571 | 4,388 | 14,135 | 6,161 |
| Unrealised | 49,683 | 14,131 | 896 | (513) | - |
| 65,416 | 21,702 | 5,284 | 13,621 | 6,161 | |
| Earnings per unit (sen) | |||||
| Gross | 11.38 | 3.74 | 0.91 | 2.35 | 1.06 |
| Net | 11.28 | 3.74 | 0.91 | 2.35 | 1.06 |
| Net income distribution | 14,500 | 6,960 | 4,060 | 12,760 | 5,568 |
| Income distribution per unit (sen): | |||||
| Gross | 2.50 | 1.20 | 0.70 | 2.20 | 0.96 |
| Net | 2.50 | 1.20 | 0.70 | 2.20 | 0.96 |