Tower Real Estate Investment Trust said on Aug, 03 2026 that revenue for the three months to Jun, 30 2026 rose 7.3% year on year to 10.44 million Singapore dollars, while profit before tax climbed to 3.79 million Singapore dollars from 0.95 million a year earlier. Net profit for the quarter increased to 3.74 million Singapore dollars, up from 0.96 million in the same period last year.

For the full year ended Jun, 30 2026, revenue grew 7.9% to 42.00 million Singapore dollars. Profit before tax advanced to 12.51 million Singapore dollars, compared with 7.20 million a year ago, and net profit reached 12.46 million Singapore dollars, up from 7.20 million.

Net asset value stood at 573.60 million Singapore dollars, translating to 1.1685 Singapore dollars per unit as at Jun, 30 2026, broadly unchanged from 1.1601 at the prior year end.

The manager declared a final income distribution of 0.60 Singapore cents per unit, or about 97.4% of taxable income for FY26. The distribution will be paid on Aug, 28 2026 to unitholders on record as of Aug, 18 2026, bringing total FY26 distributions to 1.90 Singapore cents per unit.

Tower REIT ended the period with investment properties valued at 807.00 million Singapore dollars and borrowings of 232.59 million. The trust said higher occupancy levels at Menara HLX and Menara Guoco, firmer rental rates and lower interest expenses underpinned the improved results.

Looking ahead, the manager expects occupancy at its Klang Valley office properties to continue improving amid persistent flight-to-quality demand in the market.