KUALA LUMPUR, 26 February 2026 – JLG REIT Managers Sdn. Bhd., the Manager of Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar Healthcare REIT), today announced its financial results for the financial year ended 31 December 2025 (FY2025), demonstrating steady year-on-year growth in core operating metrics.
For FY2025, Al-`Aqar Healthcare REIT recorded a revenue of RM120.0 million, representing a 2.3% increase year-on-year from RM117.2 million in FY2024. Net Property Income (NPI) rose 3.3% year-on-year to RM104.9 million, reflecting stable rental income across its healthcare asset portfolio and continued operational resilience.
Increase in Revenue
The increase in revenue and NPI were primarily due to additional rental income contributed by the acquisition of two KPJ properties, namely KPJ Ampang Puteri Specialist Hospital (New Building) and KPJ Penang Specialist Hospital (New Building), which were completed in October 2025.
Profit After Tax (PAT) stood at RM55.7 million, reflecting a 4.4% year-on-year dip compared to RM58.3 million a year ago. This was mainly due to a fair value write-down of RM2.0 million related to the disposal of KPJ Healthcare College, Penang recorded in December 2025, coupled with the absence of a RM1.0 million gain on disposal of Damai Wellness Centre that was recorded in June 2024.
Final Income Distribution
Al-`Aqar Healthcare REIT declared a final income distribution of 1.86 sen for Q4 2025, bringing total Distribution Per Unit (DPU) for FY2025 to 7.06 sen, underscoring its consistent income-generating capability and commitment to delivering sustainable returns to unitholders.
Zulhilmy Kamaruddin, Chief Executive Officer of the Manager, said: “Our FY2025 results reflect the stability of our healthcare-focused portfolio, supported by disciplined asset management and long-term lease structures. Al-`Aqar Healthcare REIT also began recognising rental income from the KPJ Ampang Puteri Specialist Hospital (New Building) and KPJ Penang Specialist Hospital (New Building), which commenced contributions in Q4 FY2025. This was reflected in a 13% increase in revenue from Q3 FY2025 to Q4 FY2025, signalling strengthening earnings momentum heading into the new financial year.”
“Looking ahead, the outlook for Malaysia’s healthcare sector remains compelling, with industry estimates projecting annual growth of around 8%, driven by demographic trends, rising healthcare demand and continued expansion in medical tourism. Against this backdrop, we will continue to pursue yield-accretive opportunities, optimise portfolio performance and expand our asset base to capture long-term sector growth.”
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