Pavilion REIT’s revenue jumped 16.4% to RM141.3 mil
by TMR Pavilion Real Estate Investment Trust’s (Pavilion REIT) revenue for the third quarter ended Sept 30, 2018 (3Q18) jumped 16.4% year-on-year (YoY) to RM141.3 million on rental income from its existing properties as a result of higher occupancy.   Net profit the quarter rose 12.27% YoY to RM62.2 million.   In an exchange filing yesterday, Pavilion REIT noted its total property operating expenses for the period was higher by 9% to RM47.17 million due to the operating expenses incurred for its new property at Elite Pavilion Mall.   The net property income for 3Q of RM94.17 million was 20% higher than a year ago.   The group said retail spending is expected to pick up for the year-end seasonal holidays amid the higher reported growth sales in June until August 2018.   The group will continue to explore improvement of its tenant mix and cost management. var VUUKLE_EMOTE_SIZE = "90px"; VUUKLE_EMOTE_IFRAME = "180px" var EMOTE_TEXT = ["HAPPY","INDIFFERENT","AMUSED","EXCITED","ANGRY","SAD"]The post Pavilion REIT’s revenue jumped 16.4% to RM141.3 mil appeared first on The Malaysian Reserve. [...]