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 Mid Valley Megamall
Mid Valley Megamall is a shopping mall in Mid Valley City, Kuala Lumpur, Malaysia. It sits at the entrance of Petaling Jaya and Kuala Lumpur. Developed by IGB Berhad, the complex was opened in 1999. The mall has garnered media attention with events like the IT Fair, Home and Decoration Fair, and The MATTA Fair being held in the Mid Valley Exhibition Centre (MVEC). It was awarded Best Shopping Complex Award 2000 by Tourism Malaysia and Best Retail Development 2001 by FIABCI Malaysia.
Everything about Mid Valley Megamall →- Country
- Malaysia
- Inception
- 1999
- Website
- http://www.midvalley.com.my/