Paradigm REIT had a pretty strong quarter

There were quite a few encouraging updates from yesterday’s briefing, especially for investors looking for steady income with some room for growth.

NPI grew 2.9% QoQ to RM40.4 million in 2Q FYE2026. DPU also increased from 1.80 sen to 1.83 sen. Based on the current unit price of RM0.935, that works out to an annualised yield of around 7.9%, which is quite attractive for a distribution counter.

The 1.83 sen distribution will go ex on 21 August and be paid on 15 September 2026.

Shopper traffic at Paradigm Mall JB continues to pick up, helped by more visitors from Singapore. At the same time, energy-saving initiatives are helping the REIT keep costs under control, which should support property income.

So, the story here is quite simple. Investors are already getting a yield of close to 8%, while rising shopper traffic at Paradigm Mall JB, including more visitors from Singapore, is helping to drive tenant sales growth of around 10%.

With tenant sales growing, key brands staying and most of the major renewals already secured, the next few quarters could get more interesting. This gives the REIT a healthier base to sustain, and potentially grow, its distributions over time.