KUALA LUMPUR: KIP Real Estate Investment Trust
(KIP-REIT) remains optimistic about sustaining a stable performance in its financial year ending June 30, 2026 (FY26), 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 distributions per unit (DPU) to unitholders,” KIP-REIT said in the notes accompanying its financial results with Bursa Malaysia.
In its first quarter ended Sept 30, KIP-REIT’s net property income rose 51.1% year-on-year 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 has declared a total distribution per unit of 1.8 sen for the quarter, comprising 0.6 sen for the period from July 1 to 31, paid on Sept 17, and 1.2 sen for the period from Aug 1 to Sept 30, payable on Nov 11.
“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.”
