Financial Info
5-Year Financial Highlights
Notes:
- Total NLA covers all the AUM as at 30 June.
- Overall average occupancy rate is computed by occupied area over NLA.
- MER is the ratio of expenses incurred in operating KIP REIT to the average NAV of KIP REIT after income distribution. The computation of MER has been verified by the auditors.
- Annual total return represents the change in unit price during the year plus distribution yield for the year.
- Average total return is the sum of the return rates of KIP REIT over a given number of years divided by that number of years.
- Distribution yield is computed based on distribution per unit divided by its closing unit price.
- NAV per unit is determined by deducting the value of all KIP REIT’s liabilities and income distribution paid to unitholders from the total asset value, divided by number of units issued as at 30 June.
- Unit price is determined based on the closing unit price as at 30 June.
Performance At A Glance
Latest Annual Financials
Quarterly Results FY2026
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
FY2017
Segmental Performance
Gross Revenue
Gross revenue derived from our investment properties are as follows: -
Retail Segment
Gross revenue from our retail segment increased by RM34.07 million or 35.8% from RM95.06 million in FYE 2024 to RM129.13 million in the current financial year. This increase was primarily driven by rental income recognised from the newly acquired properties as well as higher rental income derived from all of our KIPMalls as the overall occupancy rates in our KIPMalls increased from 89.2% in FYE 2024 to 93.9% in in FYE 2025.
Gross revenue from the central region increased significantly by RM35.81 million or 179.5% from RM19.95 million in FYE 2024 to RM55.76 million in FYE 2025. The increase was mainly driven by the recognition of rental income amounting to RM22.98 million from our newly acquired shopping mall, DPulze Shopping Centre. In addition, rental income from several KIPMalls in particular, KIPMall Kota Warisan, KIPMall Bangi and KIPMall Senawang also recorded notable improvements due to higher occupancy rates during the financial year, which stood at 99.2%, 87.4% and 85.1% respectively.
Meanwhile, gross revenue from the southern region increased by RM1.93 million or 3.7% from RM52.08 million in FYE 2024 to RM54.01 million in FYE 2025. This growth was mainly driven by the recognition of higher rental income from KIPMall Melaka, KIPMall Tampoi and KIPMall Masai, due to higher occupancy rate of 98.1%, 97.7% and 97.2% respectively, as well as higher rental per square feet upon renewal.
Industrial Segment
Gross revenue derived from our industrial segment declined marginally by RM0.09 million or 1.3% from RM7.10 million in FYE 2024 to RM7.01 million in the current financial year mainly due to the MFRS 16 accounting adjustment recognised. Nevertheless, the impact was partially offset by the recognition of rental income amounting to RM0.60 million from our newly acquired industrial property, Sin Chee Heng (Lot 35).
NPI
KIP REIT recorded higher NPI of RM96.82 million in FYE 2025 as compared to RM77.82 million in FYE 2024, with retail segment contributing the majority at 92.8% of the total NPI. Overall, the portfolio achieved an NPI margin of 71.1%, with the retail and industrial segments having NPI margin of 69.6% and 99.4% respectively.
Compared to properties in the retail segment, industrial properties are able to yield a higher NPI as most property operating expenses such as utilities, maintenance, upkeep and repairs expenses are borne by the tenants.
Profit for the Year
Our profit increased by RM67.83 million or 143.3% from RM47.31 million in FYE 2024 to RM115.14 million in FYE 2025, mainly due to the better performance of all KIPMalls, income contribution from newly acquired properties as well as higher fair value gain on all investment properties during the current financial year.
In addition, it is worth noting that our realised profit has also increased by RM6.80 million or 15.3% from RM44.47 million in FYE 2024 to RM51.27 million in FYE 2025, driven by the higher NPI during the financial year as discussed earlier. The higher realised profit also resulted in a higher distributable income of RM52.72 million in FYE 2025 as compared to RM45.58 million in FYE 2024.
Income Distribution
In line with our improved performance, total distributable income to unitholders of RM52.72 million in FYE 2025 represents an increase of RM7.14 million or 15.7% as compared to RM45.58 million in FYE 2024. This translates to a distribution yield of 8.1% (FYE 2024: 7.4%) based on KIP REIT’s closing unit price of RM0.835 as at 30 June 2025 (30 June 2024: RM0.895).
The details of distributable income declared and paid by KIP REIT for FYE 2025 are as follows: -
Distribution History
Distribution Policy
KIP REIT is committed to distribute at least 90% of its taxable income to its unitholders for each financial year.
| Period | Distribution per Unit (sens) | Entitlement Date | Payment Date |
|---|---|---|---|
| 1 Aug 2025 to 30 Sep 2025 | 1.20 | 13 Oct 2025 | 11 Nov 2025 |
| 1 Jul 2025 to 31 Jul 2025 | 0.60 | 20 Aug 2025 | 17 Sep 2025 |
| 1 Apr 2025 to 30 Jun 2025 | 2.018 | 08 Aug 2025 | 29 Aug 2025 |
| 1 Jan 2025 to 31 Mar 2025 | 1.60 | 09 May 2025 | 30 May 2025 |
| 1 Dec 2024 to 31 Dec 2024 | 0.48 | 07 Feb 2025 | 28 Feb 2025 |
| 1 Oct 2024 to 30 Nov 2024 | 1.18 | 29 Nov 2024 | 23 Dec 2024 |
| 1 Jul 2024 to 30 Sep 2024 | 1.522 | 06 Nov 2024 | 26 Nov 2024 |
| 1 Apr 2024 to 30 Jun 2024 | 1.965 | 09 Aug 2024 | 30 Aug 2024 |
| 1 Jan 2024 to 31 Mar 2024 | 1.60 | 09 May 2024 | 28 May 2024 |
| 1 Oct 2023 to 31 Dec 2023 | 1.55 | 14 Feb 2024 | 29 Feb 2024 |
| 1 Jul 2023 to 30 Sep 2023 | 1.55 | 03 Nov 2023 | 23 Nov 2023 |
| 1 Apr 2023 to 30 Jun 2023 | 1.75 | 08 Aug 2023 | 29 Aug 2023 |
| 1 Jan 2023 to 31 Mar 2023 | 1.55 | 09 May 2023 | 30 May 2023 |
| 1 Oct 2022 to 31 Dec 2022 | 1.450 | 07 Feb 2023 | 21 Feb 2023 |
| 1 Jul 2022 to 30 Sep 2022 | 1.450 | 10 Nov 2022 | 23 Nov 2022 |
| 1 Apr 2022 to 30 June 2022 | 2.100 | 12 Aug 2022 | 25 Aug 2022 |
| 1 Jan 2022 to 30 Mar 2022 | 1.600 | 10 May 2022 | 23 May 2022 |
| 1 Oct 2021 to 31 Dec 2021 | 1.550 | 07 Feb 2022 | 18 Feb 2022 |
| 1 Jul 2021 to 30 Sep 2021 | 1.550 | 05 Nov 2021 | 23 Nov 2021 |
| 1 Apr 2021 to 30 Jun 2021 | 2.100 | 16 Aug 2021 | 27 Aug 2021 |
| 1 Jan 2021 to 31 Mar 2021 | 1.600 | 06 May 2021 | 25 May 2021 |
| 1 Oct 2020 to 31 Dec 2020 | 1.590 | 05 Feb 2021 | 19 Feb 2021 |
| 1 Jul 2020 to 30 Sep 2020 | 1.550 | 04 Nov 2020 | 23 Nov 2020 |
| 1 Apr 2020 to 30 Jun 2020 | 1.530 | 12 Aug 2020 | 27 Aug 2020 |
| 1 Jan 2020 to 31 Mar 2020 | 1.520 | 23 Apr 2020 | 29 May 2020 |
| 1 Oct 2019 to 31 Dec 2019 | 1.760 | 30 Jan 2020 | 14 Feb 2020 |
| 1 Jul 2019 to 30 Sep 2019 | 1.370 | 31 Oct 2019 | 14 Nov 2019 |
| 1 Apr 2019 to 30 Jun 2019 | 1.520 | 09 Aug 2019 | 29 Aug 2019 |
| 1 Jan 2019 to 31 Mar 2019 | 1.510 | 03 May 2019 | 17 May 2019 |
| 1 Oct 2018 to 31 Dec 2018 | 1.550 | 29 Jan 2019 | 14 Feb 2019 |
| 1 Jul 2018 to 30 Sep 2018 | 1.450 | 29 Oct 2018 | 13 Nov 2018 |
| 1 Apr 2018 to 30 Jun 2018 | 1.800 | 08 Aug 2018 | 23 Aug 2018 |
| 1 Jan 2018 to 31 Mar 2018 | 1.780 | 07 May 2018 | 30 May 2018 |
| 1 Oct 2017 to 31 Dec 2017 | 1.750 | 12 Feb 2018 | 28 Feb 2018 |
| 1 Jul 2017 to 30 Sep 2017 | 1.500 | 09 Nov 2017 | 28 Nov 2017 |
| 1 Apr 2017 to 30 Jun 2017 | 1.918 | 09 Aug 2017 | 29 Aug 2017 |
| 06 Feb 2017 to 31 Mar 2017 | 1.000 | 16 May 2017 | 30 May 2017 |
