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The latest update is out from GuocoLand Limited ( (SG:F17) ).
Tower Real Estate Investment Trust reported stronger results for the quarter ended 31 March 2026, with revenue rising to MYR10.69 million from MYR9.10 million a year earlier and net income climbing to MYR3.42 million from MYR1.92 million. For the nine-month period, revenue increased to MYR31.56 million and net income to MYR8.72 million, driven by higher net property income and lower interest expenses.
Earnings per unit improved to 0.70 sen for the quarter and 1.78 sen year-to-date, while net asset value per unit edged up to RM1.1739 before income distribution. The REIT declared a distribution of 1.30 sen per unit, and its balance sheet showed stable investment property values at RM806 million and borrowing levels broadly unchanged, underscoring a steady capital structure for unitholders.
The most recent analyst rating on (SG:F17) stock is a Buy with a S$3.30 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.
More about GuocoLand Limited
Tower Real Estate Investment Trust is a Malaysian real estate investment trust focused on income-generating commercial properties. It derives its revenue primarily from rental income and related property operations, positioning itself as an income-focused vehicle for investors in the Malaysian property market.
Average Trading Volume: 438,155
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$2.75B
For a thorough assessment of F17 stock, go to TipRanks’ Stock Analysis page.