279 FINANCIAL STATEMENTS Integrated Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 31 December 2025 19. MANAGEMENT EXPENSE RATIO (“MER”) Fund 2025 % 2024 % MER 0.50 0.54 The calculation of MER is based on the total fees of the Fund incurred for the year, including the Manager’s fees, Trustee’s fees, audit fee, tax agent’s fee and administration expenses, to the average net asset value of the Fund during the year calculated on a monthly basis. Since the average net asset value is calculated on a monthly basis, comparison of the MER of the Fund with other Real Estate Investment Trusts (“REITs”) which use a different basis of calculation may not be an accurate comparison. 20. SIGNIFICANT RELATED PARTY TRANSACTIONS Parties are considered to be related to the Group if the parties have the ability, directly or indirectly, to control the Group or exercise significant influence over the Group in making financial and operation decisions, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. The Group and the Fund derive all their rental income as disclosed in Note 4 from related parties. Significant related party charges/(credits) other than those disclosed in Note 4 are as follows: Group Fund 2025 RM 2024 RM 2025 RM 2024 RM Manager’s fee 5,729,463 4,651,967 5,729,463 4,651,967 Maintenance fee 1,200,480 1,197,120 1,200,480 1,197,120 Other income (532,000) (532,000) (532,000) (532,000) Other income relates to the compensation received from Selangor Medical Centre Sdn Bhd for loss of opportunity and annual loss of potential income due to the deferment for the transfer of a Physician Consultant Building to the Fund. The related party transactions described above were entered into in the normal course of business and are based on negotiated and mutually agreed terms.
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