Stanley Motta profit rises 45% on strong rental growth

Stanley Motta Limited operations improved during its March 2026 first quarter from increased occupancy, but also, the company increased the value of its real estate investment.  

“This increase reflects continued growth in occupancy and rental activity across the group’s portfolio,” stated the company report signed by Chairman Melanie Subratie and Director Blondell Walker. 

According to the real estate investment company’s unaudited results for the first quarter ending March, rental income climbed 45 percent year-over-year to $237 million, while administrative expenses fell 12  per cent  to  $49.6 million. This helped to push net operating income up 75 percent to J$188 million.   

“These results were achieved through the group’s continued commitment to strong management practices, operational efficiency, and disciplined execution,” Subratie stated.

Stanley Motta Limited along with its wholly owned subsidiary Unity Capital Incorporated make up the group, the principal activity of which is property rental. Tenants include global services firm Alorica Jamaica, Symptai Consulting Limited, Eppley Limited, and General Accident Insurance Company Jamaica Limited.

Stanley Motta’s total assets grew to $14 billion from $11.5 billion in March 2025, reflecting ongoing investment in its flagship 10-storey commercial complex at 58 Half-Way Tree Road in Kingston, as well as other property upgrades.  

Cash reserves stood at $393 million, up sharply from $69 million last year, giving the company flexibility for future expansion.  

The company, in a notice posted to the Jamaica Stock Exchange, advised its stakeholders that it was unable to meet the deadline for the submission of its annual report for the period ended December 2025. The company said it anticipates submitting that report by June 19.

luke.douglas@gleanerjm.com