KIP-REIT's second-quarter net profit rose by 46% year-on-year to RM17.5mil.
PETALING JAYA: KIP Real Estate Investment Trust
(KIP-REIT) expects to see higher footfall across its malls, underpinned by festive seasons, the Sumbangan Asas Rahmah (Sara) financial aid scheme and the grand reopening of KIPMall Tampoi in Johor.
For its second quarter ended Dec 31, 2025 (2Q26), the REIT’s net profit rose by 46% year-on-year (y-o-y) to RM17.5mil or earnings per unit of 1.83 sen. Revenue was up by 45% y-o-y to RM43.5mil.
A major driver of earnings was the performance of D’Pulze Shopping Centre in Cyberjaya and the acquisition of KIPMall Desa Coalfields in Sungai Buloh.
D’Pulze Shopping Centre delivered RM7.1mil for 2Q26, representing 50.9% of the net property income for the central region. Retail and industrial properties make up 92.7% and 7.3% of the REIT’s revenue, respectively.
For the six-month period ended Dec 31, 2025, KIP-REIT’s net profit grew by 58% y-o-y to RM34.8mil or earnings per unit of 3.85 sen.
KIP-REIT proposed a third income distribution of 1.70 sen per unit for the quarter, payable on March 3, with ex-date on Feb 6.
