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MARKET • 23/07/2026 06:42 PM

KIP REIT Posts Higher FY2026 Net Profit Of RM145.30 Mln, Revenue At RM177.10 Mln

KUALA LUMPUR, July 23 (Bernama) -- KIP Real Estate Investment Trust's (KIP REIT) net profit rose to RM145.30 million in the financial year ended June 30, 2026 (FY2026) compared with RM115.14 million registered in the preceding year.

Revenue also climbed 30.1 per cent year-on-year (y-o-y) to RM177.10 million versus RM136.14 million in the previous financial year.

KIP REIT said in a Bursa Malaysia filing that the stronger performance was driven by overall better performance from eight KIPMalls, alongside income from newly acquired retail and industrial assets completed during the financial year, namely KIPMall Desa Coalfields, KIP Kuantan, Bintulu industrial land and Pasir Gudang industrial land.

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Meanwhile, in the fourth quarter of FY2026 (4Q FY2026), KIP REIT's net profit jumped to RM92.38 million compared to RM79.25 million in 4Q FY2025, while revenue rose to RM48.22 million versus RM39.89 million in the same period previously.

Its chief executive officer Valerie Ong said in a separate filing that FY2026 has been a defining year for the company as it delivered the strongest financial and operational performance since its listing in 2017.

“We achieved record revenue, net property income, profit after tax and annual distribution to unitholders, demonstrating the resilience of our portfolio, the dedication of our team and the successful execution of our long-term strategy," she said.

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Ong said KIP REIT continued to create value through active asset management by enhancing its properties, optimising tenant mix, improving customer experience and executing disciplined leasing, asset enhancement and capital allocation strategies, which had translated into sustainable growth and stronger returns for unitholders.

Looking ahead, Ong said the approval for the acquisition of Setapak Central marked another milestone in KIP REIT's growth strategy, strengthening the quality, resilience and diversification of its portfolio while expanding its presence into the Kuala Lumpur retail market.

-- BERNAMA

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