Financial Info
5-Year Financial Highlights
Performance Of The Group
Notes:
- Total NLA covers all the assets under management 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 net asset value 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.
- Net asset value 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 total number of units issued.
- Unit price is determined based on the closing unit price as at 30 June.
Latest Annual Financials
Quarterly Results FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
FY2017
Segmental Performance
Net Property Income
KIP REIT recorded a higher NPI of RM5.40 million as compared to the previous financial year in line with the overall increase in gross revenue. Nevertheless, the increase in NPI yields a lower positive variance of 9.5% as compared to the increase in gross revenue of 13.6% mainly due to higher property operating expenses incurred from our retail segment such as utilities, reimbursement cost and upkeep of building.
It is worth noting that industrial properties are able to yield a higher NPI as major property expenses such as utilities, maintenance, upkeep and repairs expenses are incurred by the tenants. The breakdown of property expenses for FYE 2022 and FYE 2023 is set out as follows: -
Profit for the Year
Despite recording a higher NPI, our profit decreased by RM14.72 million or 19.5% from RM75.51 million in FYE 2022 to RM60.79 million in FYE 2023, mainly due to the decrease in unrealised gain by 41.5% arising from the lower fair value gain on investment property by RM16.37 million as compared to the previous financial year.
Income Distribution
Reflecting the positive performance, total distribution to unitholders for FYE 2023 amounted to RM36.80 million (FYE 2022: RM34.36 million) representing an increase of RM2.44 million or 7.1%, as compared to the previous financial year. This translates to a distribution yield of 6.9% (FYE 2022: 7.6%) based on KIP REIT’s closing unit price of RM0.90 as at 30 June 2023 (30 June 2022: RM0.89).
For the FYE 2023, the total amount distributed represents 94.9% of the current year’s distributable income of RM38.76 million. The four (4) quarterly income distributions paid by KIP REIT 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 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 |
