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Historically a retail-focused REIT, Hektar is currently executing a disciplined, phased plan to diversify into education, industrial, and renewable energy sectors, while continuing to optimise its retail assets.
For 1H25, revenue stood at RM62.9 million while NPI came in at RM30.9 million, reflecting yoy declines of 3.1% and 12.1%, respectively, due to a one-off backdated education lease recognised in 2024. Excluding this, management said underlying performance remained stable.