PETALING JAYA: KIP Real Estate Investment Trust
(KIP-REIT) will focus on expanding its industrial portfolio, targeting manufacturing, logistics and warehouse facilities to secure long-term, stable tenancies.
With three existing industrial assets valued at RM79.6mil and four upcoming properties worth RM98.3mil, industrial assets will represent 12% of the REIT’s total portfolio value upon completion.
This reflects the growing role of industrial assets in driving portfolio resilience and sustainable income growth, said TA Research.
KIP-REIT’s recent acquisitions are a significant step toward its target of expanding its portfolio value to RM2bil within the next three years, up from RM1.4bil currently.
In addition to its inorganic growth through acquisitions, TA Research said KIP-REIT’s focus on organic growth via asset enhancement initiatives will be instrumental in driving portfolio expansion.
KIP-REIT has attracted quality tenants and strengthened asset performance by optimising properties and enhancing their value.
The research house has a “buy” call on KIP-REIT with a target price of RM1.15 a share.
