Kingston Properties opens 2026 financial year with 31.7% rental income lift

Real estate investment firm Kingston Properties has opened its 2026 financial year on solid footing, citing higher rental earnings and tighter cost control across holdings in Jamaica, the Cayman Islands and the United Kingdom.

For the three months ending March, the group recorded rental income of US$1.8 million, a jump of 31.7 per cent compared with the same quarter a year earlier. Management attributed the lift to a stronger base of recurring rental flows and what it described as disciplined expense management.

Operating costs nudged up by a little more than four per cent over the period, even as rental earnings grew at a far faster clip.

Even so, the bottom line slipped. Net profit came in at US$658,000, down from US$1 million in the comparable quarter last year.

The United Kingdom portfolio remained the standout, with rental income from that segment surging 165 per cent on the back of acquisitions completed the previous year.