Posted by foreverchung > 1 week ago | Report Abuse

Much higher manager's management fee, a whoping 80+%, I wonder what is the justification for that. If increase in the number of management personnel I would understand. But if its purely increment in remuneration, then will have to check back with past increment as well as recent performance.

Posted by iscmob > 1 week ago | Report Abuse

cont. from above report:
"PROSPECTS
The Manager holds a favorable outlook, considering the positive performance of KIP REIT's existing property portfolio and their strategic endeavors to actively enhance leasing
and operational strategies while pursuing investments of high quality. As a result, the manager anticipates the ability to sustain a stable performance throughout fiscal year 2025.

The Manager will continue to manage the existing portfolio and exercise prudent capital management in order to deliver sustainable DPU to Unitholders. The Manager will also
continue to evaluate growth opportunities in its existing and new asset classes of retail and industrial assets."

Posted by iscmob > 1 week ago | Report Abuse

page 1 from above report shows:
- property op expenses y-o-y increase of 20+%
- manager's mgm and trustee related fee y-o-y increase of 47+%

Posted by Justmeme > 1 week ago | Report Abuse

Disappointing. So sold at 20 n 25

Posted by Justmeme > 1 week ago | Report Abuse

Hope after acquiring Hektar they have not learn their bad management habit n spiral the company down n down.

Posted by iscmob > 1 week ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/10/23/positive-outlook-for-kip-reit-on-sound-acquisitions

" ... “We are optimistic about these acquisitions, as they align with KIP-REIT’s strategy to expand operations and increase total assets under management from the current RM1.06bil to RM2bil within the next three years,” the research firm noted.

... The increase in borrowing costs was primarily due to loan drawdowns for deposit payments related to the aforementioned acquisitions.

The rise in management fees was driven by higher charges from service providers, trustees and consultants, along with the additional manpower requirements for acquisition activities, which also contributed to the increase in operating costs.

... TA Research made no changes to the company’s earnings forecasts.

Consequently, the research house has maintained a “buy” recommendation on KIP-REIT with an unchanged target price of RM1.15 a share.

... KIP-REIT’s revenue for 1Q25 rose by 19.4% y-o-y to RM26.7mil, driven by a 19% increase in the retail segment, which accounted for 94% of total revenue.

This growth was primarily attributed to higher occupancy rates across retail properties.

The industrial segment also showed strong performance, with revenue increasing by 23.1% y-o-y, further contributing to its top line. "