KIP-REIT CEO Valerie Ong.
KUALA LUMPUR: KIP Real Estate Investment Trust
(KIP REIT) remains optimistic about sustaining a stable performance in the financial year ending June 30, 2026 (FY2026), supported by the solid performance of its existing property portfolio and ongoing strategic initiatives.
“The manager (KIP REIT Management Sdn Bhd) will continue to manage the existing portfolio and exercise prudent capital management in order to deliver sustainable distribution per unit (DPU) to unitholders,” KIP REIT said in the notes accompanying its financial results.
In the first quarter ended Sept 30, KIP REIT’s net property income rose 51.1% to RM29.7mil, reflecting sustained tenant demand, improved portfolio yield and stable operating cost management.
Its net profit was RM17.2mil, a 71.1% increase from RM10.1mil a year ago. Income available for distribution for the quarter rose 68.3% to RM17.6mil, underpinned by portfolio expansion and efficient asset management.
Quarterly revenue rose 52.6% to RM40.8mil from RM26.7mil a year earlier, supported by organic rental growth and contributions from newly acquired assets.
The board declared a total distribution per unit of 1.8 sen for the quarter, comprising 0.6 sen for the period from July 1-31, 2025, paid on Sept 17, and 1.2 sen for the period from Aug 1 to Sept 30, 2025, payable on Nov 11, 2025.
“We are pleased to begin FY26 on a strong footing. The enlarged portfolio and disciplined execution have translated into meaningful earnings growth this quarter. Completing three acquisitions within a single reporting period highlights our focus on scaling strategically while enhancing income visibility,” chief executive officer Valerie Ong said in a statement.
“We remain committed to sustaining stable distributions and identifying yield-accretive opportunities. With healthy occupancy and solid retail and industrial fundamentals, we will continue to optimise our assets and drive long-term value for our unitholders.”
