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MRCB-Quill REIT Q3 Distribution Per Unit Up 21.8%

MRCB-Quill REIT Q3 Distribution Per Unit Up 21.8%

November 12, 2020 – MRCB-Quill REIT announced that its net income grew 21.8% to of RM21.48 million (US$55.2 million) for the third quarter of 2020.

This corresponds to a 21.8 increase in its realised earnings per unit (EPU) and distributable income per unit of 2 sen (0.48 US cents) during the period.

The higher realized net income for this quarter was mainly attributable to higher revenue contribution from selected properties within the portfolio, net of lower property operating expenses and finance cost. 

Tan Sri Saw Choo Boon, Chairman of MQM said: “We are pleased to be able to deliver satisfactory results for Q3 2020 in this difficult environment, thanks largely to our loyal tenants occupying our top class facilities in choice locations which are comprehensively maintained to ensure they are always efficient and safe.”

“There remain challenges going forward with the resurgence of increased Covid-19 infections, but we are confident that the Government will soon bring it under control and we will be targeting to secure renewal or new tenants for all our expiring leases.”

Read more here..

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