Altrium – BT

Atrium REIT posts higher Q2 pre-tax profit

Atrium Real Estate Investment Trust's (Atrium REIT) pre-tax profit for the second quarter ended June 31, 2012 rose to RM2.685 million from RM2.609 million in the same period last year.

Its revenue increased to RM4.064 million from RM3.520 million previously, it said in a filing to Bursa Malaysia today.

Atrium REIT said the improved result was mainly due to the positive contributions from Atrium USJ.

On prospects, Atrium REIT said it expected all its properties to maintain its 100 per cent occupancy rates save and except, temporary rental voids for Block C of Atrium USJ due to the changeover in tenants.

It said it would continue to actively identify good assets for acquisition to improve the yield and to continue focusing on the strategy of having the investment properties leased on long-term basis to reputable tenants. — Bernama