IGB REIT Q2 profits rise on Mid Valley
IGB REIT posted a 50%+ jump in Q2 2026 net profit to RM139.27 million and revenue to RM240.95 million, with net property income at RM181.2 million, helped by Mid Valley Southkey and higher rents from Mid Valley Megamall and The Gardens Mall; IGB Commercial REIT followed with Q2 net income of RM35.01 million on RM71.24 million revenue, up 10.3%. For the first half, group revenue rose about 51% and NPI about 53%, and both REITs signaled ongoing focus on high occupancy, proactive leasing and asset enhancements to sustain resilience, with quarterly distributions declared.
Business · 6 sources · Jul 22, 2026Read itThe journal
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About Coastal Grand Mall
Coastal Grand Mall is 1,047,732-square-foot (97,337.5 m2) super-regional shopping mall is located in Myrtle Beach, South Carolina, located off of US Highway 17 and Harrelson Blvd. and was built in 2004. It is the second largest mall in the state behind the Haywood Mall in Greenville. The mall's anchors include Belk, Dillard's, and JCPenney with Dick's Sporting Goods/Golf Galaxy, Old Navy, and Books-A-Million being "junior anchors." There are over 170 specialty stores and a 14 screen Cinemark movie theater located off of the food court.
Everything about Coastal Grand Mall →- Country
- United States
- Inception
- 2004
- Website
- http://www.coastalgrand.com