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- The improved earnings were mainly driven by the contribution from its seven KIPMalls and its four industrial properties, as well the newly bought D'pulze Shopping Centre and TF Value-Mart.
KUALA LUMPUR (July 24): KIP Real Estate Investment Trust (KL:KIPREIT) expects to 'sustain a stable performance' after posting double-digit growth in its recently concluded financial year on stronger lease income and contribution from newly-acquired assets.
KIP REIT’s net property income (NPI) surged 24.4% in the financial year ended June 30, 2025 (FY2025) to RM96.82 million from RM77.82 million in FY2024.
This was on the back of a 33.3% increase in revenue to RM136.13 million from RM102.16 million.
The improved earnings were mainly driven by the contribution from its seven KIPMalls and its four industrial properties, as well the newly bought D'pulze Shopping Centre and TF Value-Mart.
KIP REIT has proposed a final income distribution of RM16.10 million or 2.018 sen per unit for 4QFY2025, bringing full-year distribution to 6.80 sen, up from 6.67 sen a year ago.
Occupancy rate stood at 97.8% in the final quarter, KIP REIT said in a statement. D’Pulze alone is "estimated to account for over 16.9% of gross revenue" in the second half, it added.
For the fourth quarter ended June 30, 2025 (4QFY2025), its NPI rose 6.1% to RM28.05 million from RM26.43 million in the same quarter last year, according to its bourse filing on Thursday. Quarterly revenue grew 22.2% to RM39.89 million from RM32.64 million a year earlier.
“The manager holds a favourable outlook, considering the positive performance of KIP REIT's existing property portfolio and their strategic endeavours to actively enhance leasing and operational strategies while pursuing investments of high quality,” it added.
Shares in KIP REIT finished unchanged at 85.5 sen on Thursday, giving the group a market capitalisation of RM682.8 million.
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