Kuala lumpur: AmREIT Managers Sdn Bhd ('AmREIT'), the Manager of AmFIRST Real Estate Investment Trust ('AmFIRST REIT' or the 'Trust') announced improved financial performance for the first quarter of the current financial year, underpinned by higher rental income from improved portfolio occupancy and higher carpark income. Additionally, a one-off compensation received for waiver of reinstatement liability has also contributed to the improved gross revenue.

According to BERNAMA News Agency, the enhanced occupancy rates across AmFIRST REIT's property portfolio have been a key driver in boosting rental income. The increase in carpark income has further strengthened the Trust's revenue streams. The receipt of a one-off compensation for the waiver of a reinstatement liability has also played a role in the financial performance reported for the quarter. The combination of these factors has resulted in a favorable financial outlook for AmFIRST REIT.