PETALING JAYA: KIP Real Estate Investment Trust
(KIP REIT) 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 revenue for 3Q25 rose by 61% y-o-y to RM39.5mil, mainly attributed to overall better performance from 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.
