pg. 21 Business Overview Integrated Annual Report 2025 BUSINESS REVIEW • Recovery momentum strengthened, with revenue reaching RM20.7 million and NPI improving to RM4.2 million, alongside occupancy of 64%. • New management was established, introducing stronger retail expertise and a transit-oriented strategy to capture demand from upcoming infrastructure developments. • Tenant mix was actively curated to align with evolving market demand, including price-arbitrage, transit-driven and city-centre retail offerings. • AEIs were initiated to enhance mall experience, aesthetics and overall configuration. • The Pedestrian Overhead Bridge (“POB”) connecting to the future RTS Link was announced, strengthening longterm connectivity. 2024 RM20.7 million Revenue: RM4.2 million NPI: 64% Occupancy: This strategy also aligns with the six value creation capitals, focusing on improved transparency in business operations, governance, stakeholder engagement, and data integrity, in line with the REIT’s efforts to promote investor confidence and stakeholder feedback. Through this framework, the REIT aims to expand its investment property portfolio while narrowing the gap between its share price and NAV. 2025 • AEI initiatives continued, with new brands secured and progressive improvements in occupancy. • The final phase of the EDTP commenced operations in 4Q2025, supporting increased footfall and tenant activity. 2026 • Completion of the POB and RTS Link, together with ongoing AEIs, is expected to strengthen asset positioning and enhance connectivity. • Expected to drive sales uplift, support NPI growth and increase portfolio occupancy to above 80%. 2027 • Completion of the RTS Link is expected to drive increased footfall and activity. • Portfolio occupancy is projected to exceed 90%. • Higher traffic from the RTS, EDTP, Grab-and-Go and F&B offerings is expected to support stronger portfolio performance. • Post-RTS, the REIT will undertake further AEIs to refine the portfolio and enhance the overall tenant and visitor experience.
RkJQdWJsaXNoZXIy NDgzMzc=