Kingston Properties is reporting a strong start to the 2026 financial year, driven by growth in rental income and improved operating efficiency across its property portfolio in Jamaica, Cayman Islands and the United Kingdom.
The real estate investment company says rental income for the three months ending March climbed 31.7 per cent to US$1.8 million.
The group says the improved results reflect stronger recurring rental income and disciplined expense management.
Operating expenses increased by just over four per cent despite the significant growth in rental earnings.
However, net profit fell to US$658,000 from one million dollars last year.
Kingston Properties says its United Kingdom portfolio continued to perform strongly, with rental income from that segment jumping 165 per cent following acquisitions completed last year.
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