KIP-REIT 3Q showing improves

PETALING JAYA: KIP Real Estate Investment Trust (KIP-REIT) has recorded a 35.1% year-on-year (y-o-y) increase in its net property income to RM13.8mil for the third quarter ended March 31, 2025 (3Q25).

In a filing with Bursa Malaysia, KIP-REIT said its 3Q25 revenue rose by 61% y-o-y to RM39.5mil, mainly attributed to the overall better performance of seven KIPMalls, and the strategic acquisitions of D’Pulze Shopping Centre, a retail mall master-leased to TF Value Mart, and the Cheras Jaya industrial property.

KIP-REIT has proposed a fourth income distribution of 1.60 sen per unit for 3Q25. The distribution will be paid on May 30, 2025, with the book closure date set for May 9, 2025.

For the nine months ended March 31, 2025, KIP-REIT saw its net property income rising by 15% y-o-y to RM35.8mil, while revenue was up by 38% y-o-y to RM96.2mil.

This was supported by contributions from D’Pulze Shopping Centre, TF Value Mart and Cheras Jaya industrial property.