KIP REAL ESTATE INVESTMENT TRUST

KLSE (MYR): KIPREIT (5280)

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Last Price

0.89

Today's Change

0.00 (0.00%)

Day's Change

0.885 - 0.89

Trading Volume

377,300


3 people like this.

727 comment(s). Last comment by Value Investor Coo1eo 2 weeks ago

Justmeme

203 posts

Posted by Justmeme > 2023-02-02 15:34 | Report Abuse

Pang72... this is a very good report. Must be due to the acquisation of the industrial lots. Heard the annual rental is about 8.2 % but I am not sure

Posted by Fundamental Trader > 2023-05-25 09:40 | Report Abuse

REASONS: GROWTH + YIELD + VALUE + TREND + EARNING STABILITY + GOOD FA

Starship2

162 posts

Posted by Starship2 > 2023-07-25 12:10 | Report Abuse

I think the earning from Kip Warisan, Kip Reit latest aquisition has not been included in its latest earning report... Its latest aquisition would mean Kip Reit will have 11 properties..but the report only mentions its as 10.. I suppose its incorporation is not completed yet

Pinky

3,153 posts

Posted by Pinky > 2023-07-25 13:20 | Report Abuse

@Starship2 acquisition of KIP Warisan is only at proposal stage

Starship2

162 posts

Posted by Starship2 > 2023-07-26 15:23 | Report Abuse

Thanks Pinky for the info....Regarding this reit, the payout of 1.75 sen gives an annualised dividend yeild of more than 7%.. Personally, I feel it is not all that bad to park some money there...

Posted by Value Investor Coo1eo > 2023-07-27 13:55 | Report Abuse

Please consider the nett dividend (after withholding tax) which will give you around 6.3%
Not too bad

Justmeme

203 posts

Posted by Justmeme > 2023-08-14 21:24 | Report Abuse

Let us do the maths again. At 1.75 cts equal to 1,75x4 = 7 cts per year. At a price of 90 cts, 7cts gives an annual div of 7.78%. After 10% tax nett div is 7 %. Am I right here ?

Pinky

3,153 posts

Posted by Pinky > 2023-08-14 22:43 | Report Abuse

1.75 x 4 x 90% ÷ 0.895 = 7.04% DY nett

Posted by Value Investor Coo1eo > 2023-08-15 22:43 | Report Abuse

Wow…I would be very happy if the gross dividend for next 12 months is 7sen. I prefer to be conservative and take gross 6.4sen which is average of past 3 FY. So nett around 5.8sen.

Posted by DividendGuy67 > 2023-08-21 23:31 | Report Abuse

Value Investor, we think similar, 6 months ago, I predict KIPREIT FYE2023 Dividend after tax is 5.63. It came out 5.74, better than I expected. I was bracing myself for the lower dividend. At 0.885, DY of 6.5% is not bad after tax. This is one of my smaller REIT where I will be happy to add more at lower prices.

Posted by Value Investor Coo1eo > 2023-08-22 13:20 | Report Abuse

@dividendguy67 - thanks for the message. yes, indeed. that said value buy (with MOS) for KIP is round about 0.83..i would not anything pay more than 0.85
the high dividend yields comes with an inherent risk that we are taking. Not that small is bad, but I see a lot of uncertainty and lack of transparency from time to time. CEO is also very green and lacks the experience, riding on family business. i have been now accumulating S-REITs with strong sponsors like Mapletree, CapLand and Frasers. No witholding tax, and the SGD is more solid.

Posted by DividendGuy67 > 2023-08-28 15:53 | Report Abuse

Wow ... hidden buyers plenty here. After a GTC order to queueto add a little to buy at 0.885, my order is finally executed today (97.5% matched, outstanding to match 2.5%). This is notwitstanding there was 7 consecutive days of trades being done at 0.885. 2 weeks of waiting. At 0.885, the lowest ever yield the past 6 years occured in 2019 when after tax, it is 5.437 sen with a Yield of 5.437 / 88.5 = 6.1%. This beats EPF very handily. It's TTM Dividend Yield is not bad, at 6.5%. It's maximum yield is higher, which occurred in 2021. I don't look at maximum yield, only the minimum yield, so that I can reasonably expect the worst.

My only concern is that 2023 is supposed to be an even better year than 2022 and 2021 but its distribution is lower than 2022 and 2021, hence, otherwise, I would have loaded up more. It pays not to be greedy.

Posted by Value Investor Coo1eo > 2023-09-08 05:46 | Report Abuse

Kota Warisan will help boost up 2024/25 numbers.

Justmeme

203 posts

Posted by Justmeme > 2023-11-10 15:39 | Report Abuse

Then next div in July next year will be great then

Starship2

162 posts

Posted by Starship2 > 1 month ago | Report Abuse

It gives out dividend every quarter if I am not mistaken..If I am right we can expect a dividend for 4th Q 2023...soon

Yippy68

1,644 posts

Posted by Yippy68 > 1 month ago | Report Abuse

late QR, should be on 17 Jan

Pinky

3,153 posts

Posted by Pinky > 1 month ago | Report Abuse

See past few years history la

From 16th to 19th

No law saying that QR must be same day every year

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

Usually on a Friday which is today

tauruslau

70 posts

Posted by tauruslau > 1 month ago | Report Abuse

Hope 2 cent.

smartly

6,327 posts

Posted by smartly > 1 month ago | Report Abuse

2c susah lah. 1.6c hopefully.

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

Their pattern is every Q 1.45 to 1.55 cts region for 3Q. Next Q in May also should be about the same. The mid year in July after book closing then they will usually give a bit more ie 1.7 or 1.8 I think this coming July.

hng33

19,749 posts

Posted by hng33 > 1 month ago | Report Abuse

Bought kip at 89sen

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

Good buy

smartly

6,327 posts

Posted by smartly > 1 month ago | Report Abuse

good buy !?
later you will see "Sold kip at 90sen".....LOL!

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

To make 1 or 1.5 cts in a week is good buy also. There will be a small jump once dividend is announce

Posted by Value Investor Coo1eo > 1 month ago | Report Abuse

Delayed. I think they may have a problem

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

Yes, delay usually not good sign

Justmeme

203 posts

Posted by Justmeme > 1 month ago | Report Abuse

actually I buying a lot last few days at 885. After announcemnet it goes to 90 cts I just sell

smartly

6,327 posts

Posted by smartly > 1 month ago | Report Abuse

if dpu can declare 1.55c, high chance can reach 90c

Posted by Value Investor Coo1eo > 1 month ago | Report Abuse

Well…if there is a surprise in the earning it can go to 805. 🤭

Justmeme

203 posts

Posted by Justmeme > 4 weeks ago | Report Abuse

Doubt it as REITS income usually fairly consistence unless some major write off or surprises as most rental contract are long term

Posted by Value Investor Coo1eo > 4 weeks ago | Report Abuse

That is what i said…”if there is a surprise”

smartly

6,327 posts

Posted by smartly > 3 weeks ago | Report Abuse

steady. DPU 1.55c. tomorrow will creep up to 90c

Pinky

3,153 posts

Posted by Pinky > 3 weeks ago | Report Abuse

Improved DPU 👏

At current price, 6.9% net yield!

smartly

6,327 posts

Posted by smartly > 3 weeks ago | Report Abuse

Income Distribution
Entitlement Details:
Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024
(from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is
taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax
exempt.
Entitlement Type: Income Distribution
Entitlement Date and Time: 14/02/2024 04:00 PM
Year Ending/Period Ending/Ended Date: 30/06/2024
EX Date: 13/02/2024
To SCANS Date:
Payment Date: 29/02/2024
Interest Payment Period: 01/10/2023 to 31/12/2023

Justmeme

203 posts

Posted by Justmeme > 3 weeks ago | Report Abuse

Then this year yield should to above 7% this year as in July the last one before book closing usually is higher.

Justmeme

203 posts

Posted by Justmeme > 3 weeks ago | Report Abuse

smartly,.... this usually I do not understand the term.

Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024
(from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is
taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax
exempt.

Does it mean on the 1.55 cts declared, the 0.85 cts are taxable at 10 %, right and the 0.65 % is non taxable means no tax and the final 0.05cts is tax exempted... what it really means ???. I am not sure about this last 2 term. Can someone pls help explained and clarify on this ?

Pinky

3,153 posts

Posted by Pinky > 3 weeks ago | Report Abuse

To normal/layman investor like us

Taxable = Deduct 10% withholding tax
Exempt = 0% tax
Non-taxable = 0% tax

Pinky

3,153 posts

Posted by Pinky > 3 weeks ago | Report Abuse

Don't need to overthink or over-analyse

smartly

6,327 posts

Posted by smartly > 3 weeks ago | Report Abuse

about the tax...pinky is correct.

smartly

6,327 posts

Posted by smartly > 3 weeks ago | Report Abuse

overall the dividend yield for now is > 7%. better than putting in fd

Justmeme

203 posts

Posted by Justmeme > 3 weeks ago | Report Abuse

Oh... Ok, many thanks. Means effective base on the tax, the tax would be 5% of 1.55 cts since about half is not taxable

smartly

6,327 posts

Posted by smartly > 3 weeks ago | Report Abuse

all give tp > RM1 but since listing, never before it touches above RM1.
this stock is only good for keeping for its dividends.
those looking for higher interest yield than epf, not a bad idea to park your money here

Justmeme

203 posts

Posted by Justmeme > 2 weeks ago | Report Abuse

They have bought the 3 industrial lots and Kinta City which are damn good investment for KIPREITS. Makes KIP not so reliance to just shpping mall and a bit diversify. If they keep on this trend it will be good in the future.

smartly

6,327 posts

Posted by smartly > 2 weeks ago | Report Abuse

Q2FY2024 - 10.6m
Q2FY2023 - 8.1m
so the 3 industrial properties have contributed approximately (10.6 - 8.1) 2.5m per Q
yearly net profit will have additional 10m, this translate to 0.16sen additional DPU yearly

smartly

6,327 posts

Posted by smartly > 2 weeks ago | Report Abuse

say 0.16sen net distributable is around 0.144sen
every Q will have additional 0.036sen DPU

smartly

6,327 posts

Posted by smartly > 2 weeks ago | Report Abuse

KIPMall Kota Warisan not in the picture yet, only to Start Contributing in 2HFY24

Posted by Value Investor Coo1eo > 2 weeks ago | Report Abuse

@smartly - did you factor in the dilution after the 3 industrial properties in your DPU calculation?

Posted by Value Investor Coo1eo > 2 weeks ago | Report Abuse

Haiyan….@smartly - did you understand my question? You calculation claims on industrial pro wil contribute 0.16 (nett 0.144) annually. Does this consider the increase in number of units following the placement and issue of new shares in lieu of the industrial property acquisition

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