Overview

About KIP REIT

KIP Real Estate Investment Trust (KIP REIT) was listed on Bursa Malaysia Securities Berhad on 6 February 2017. It primarily invests in income producing real estate properties for retail purposes. Following the change in its investment policy on 12 October 2020, KIP REIT is able to invest in real estate used for retail, industrial and commercial purposes to enhance its portfolio. , which encompasses Real Estate-Related Assets. Ultimately, KIP REIT's principal investment objective is to provide unitholders with regular and stable income distributions through its investment of long-term real estate-related assets producing sustainable income and capital growth.

KIP REIT Management Sdn Bhd is the Manager of KIP REIT, with responsibility for managing the assets and liabilities of KIP REIT for the benefit of unit holders, setting the strategic direction of KIP REIT and providing recommendations to Trustees regarding the acquisition, disposal and enhancement of assets in accordance with the investment strategy stated by KIP REIT.

All KIP REIT’s properties are strategically located in suburban areas and concentrated in residential, commercial and industrial locations within a five-kilometre radius of catchment areas. Currently, KIP REIT’s retail portfolio comprises 7 community-centric neighbourhood malls, known as ‘KIPMall’ plus 1 AEON Mall. The name ‘KIPMall’ is well-established as a leading one-stop shopping convenience mall, curated for the mass market, offering daily necessity products at affordable prices. It houses a wide array of local retail brands, ranging from food & beverages, fresh produce markets, fashion apparel, IT and telecommunications services, entertainment, health & beauty, jewellery shops, car showrooms and many more. Further, KIPMall provides other facilities such as banking and money changing facilities, indoor playgrounds, push-cart kiosks, promotion/exhibition areas and ample free parking spaces.

As part of its diversification strategy, KIP REIT expanded to the industrial sector through the acquisition of 3 industrial properties located at Pulau Indah, Klang, Selangor on 12 July 2022.

To fuel its expansion, KIP REIT continues to navigate across the real estate investment landscape beyond retail assets, seeking industrial and commercial properties that provide a sustainable business model through stable rental yield and capital appreciation. This is in line with its investment strategies, while maintaining its focus on its core strengths in the management of retail assets.

As of 29 February 2024, KIP REIT has a total net lettable area of 2.21 million square feet with total asset under management of RM1.05 billion.

On 5 March 2024, KIP REIT unveiled a new company logo to symbolise its journey into a new era that reinforces its commitment towards robust growth, innovation and commitment to a more sustainable future.

9MFY2024

ASSET UNDER MANAGEMENT
(as of March 2024)

RM 0 bil

MARKET CAPITALIZATION
(as at 4 April 2024)

RM 0 mil

GROSS REVENUE

RM 0 mil

NET PROPERTY INCOME

RM 0 mil

REALISED PROFIT AFTER TAX

RM 0 mil

DISTRIBUTABLE INCOME

RM 0 mil

DISTRIBUTION PER UNIT

RM 0

NET ASSET VALUE PER UNIT
(after income distribution)
(Date as at 31 March 2024)

RM 0

ANNUALISED
DISTRIBUTION YIELD
(Based on RM0.90 closing price as at 23 April 2024)

0 %

Corporate Milestones

2016
Nov 02
Formation of KIP REIT

KIP REIT was constituted by a Trust Deed entered into between Pacific Trustees Berhad as the REIT Trustee and KIP REIT Managers Sdn Bd as the REIT Manager (subsequently restated on 12 December 2019 following amendments to the Securities Commission Malaysia Listed REITs Guidelines).

2017
Feb 16
Listing of KIP REIT

KIP REIT commenced trading on Main Market of Bursa Malaysia with an initial portfolio of six community centric malls, five KIPMalls developed and managed by the Sponsors and KIPMall Bangi (third party acquisition prior to listing).

2018
Nov 30
Executed Sales Purchase Agreement of AEON Mall Kinta City on 30 November 2018

Entered into agreement with the Vendor to purchase AEON Mall Kinta City for a consideration of RM208 million, independent appraised value of AEON Mall Kinta City stood at RM220 million.

2019
Jan 01
Completion of installation of 2,730 kWp Solar Photovoltaic System on all six KIPMalls

Installation of Solar Photovoltaic System to reduce carbon footprint across all KIPMalls on an 80:20 joint venture initiative with Pekat Solar.

2019
Jun 27
Lodged KIP REIT’s maiden perpetual Medium Term Notes Programme with Securities Commission

KIP REIT’s Medium Term Note Programme of up to RM2.0 billion on a perpetual tenure.

2019
Jul 30
Acquisition of AEON Mall Kinta City funded by the maiden issue of Medium Term Notes
  • Completion of AEON Mall Kinta City, appraised value of RM220 million.
  • Issuance of first Medium Term Note of RM310 million, of which RM210 has been rated “AAA/Stable” by Ratings by RAM with the remainder of the sum being unrated.
2022
Dec 07
Acquisitions by Pacific Trustees Berhad, for and on behalf of KIP REIT, of 3 industrial properties for a total cash consideration of RM78,700,000
2024
Feb
KIP REIT completes acquisition of KIPMall Kota Warisan

KIP REIT has completed the acquisition of KIPMall Kota Warisan from Cahaya Serijaya Sdn Bhd for RM80mil.

2024
Mar
KIP REIT Starts New Path With Logo Change

The dynamic design of our new logo reflects KIP REIT’s forward-thinking approach, illustrating our readiness to embrace new challenges and opportunities. The green colour in turn relates to harmony, balance and growth – values that align seamlessly with KIP REIT’s vision moving towards a flourishing future and aspirations.