YTL Hospitality REIT recorded revenue of RM421.3 million for the 9 months ended 31 March 2025, approximating that of the corresponding 9 months ended 31 March 2024, whilst net property income (NPI) grew 2% to RM228.1 million for the current period under review compared to RM223.7 million for the same period last year.

Income available for distribution for the current financial period of RM78.4 million approximated that recorded in the same period last year of RM79.3 million, after adjusting for the inclusion last year of additional income of RM26.7 million from the realisation of final deferred rental upon the expiry of the JW Marriott Hotel’s lease agreement in December 2023. This resulted in higher income available for distribution of RM106.1 million in the preceding year corresponding period, in the absence of which the distribution for the current financial period approximated that of the same period last year.

Tan Sri (Sir) Francis Yeoh Sock Ping, Executive Chairman of Pintar Projek Sdn Bhd, the Manager of YTL Hospitality REIT, said, “The Australia portfolio in our hotel segment posted an increase in revenue and NPI mainly contributed by higher room sales as a result of increasing entertainment and sports events. However, performance was impacted by the weaker Australian Dollar relative to the Malaysian Ringgit.

“In the property rental segment, the increase in revenue and NPI was due to additional rental income from the AC Hotels in KL, Penang and Kuantan following the completion of refurbishment works. The inclusion of the new rental income from Hotel Stripes and step-up rental income from renewal of the lease agreement for the JW Marriott Hotel also contributed to the increase for the current period. Meanwhile, performance of the Japan portfolio remained stable.”

Comparison with Preceding Year Corresponding Period

	9 months ended
	31.03.2025 RM million	31.03.2024 RM million	Variance %
Revenue	421.3	424.7	-1
NPI	228.1	223.7	+2
Distributable income (adjusted)	78.4	79.3	-1