KIP REAL ESTATE INVESTMENT TRUST
KLSE (MYR): KIPREIT (5280)
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Last Price
0.895
Today's Change
-0.005 (0.56%)
Day's Change
0.895 - 0.90
Trading Volume
183,900
Profile
KIP REAL ESTATE INVESTMENT TRUST
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: REAL ESTATE INVESTMENT TRUSTS REAL ESTATE INVESTMENT TRUSTS
Subsector: REAL ESTATE INVESTMENT TRUSTS REAL ESTATE INVESTMENT TRUSTS
Description
KIP Real Estate Investment Trust (KIP REIT) is a Malaysia-based real estate investment trust (REIT) established with the principal investment policy of investing, directly and indirectly, in a portfolio of income-producing Real Estate used primarily for retail purposes. The focus of its investments is towards community-centric retail centers. KIP REIT's initial portfolio consists of six Subject Properties, including five retail centers known as KiP Mart and a neighborhood retail center known as KiP Mall. The properties are namely KiP Mart Tampoi, KiP Mart Kota Tinggi, KiP Mart Masai, KiP Mart Lavender Senawang, KiP Mart Melaka and KiP Mall Bangi; these assets are predominantly situated in the southern states of Malaysia, namely Johor, Malacca and Selangor. KIP REIT's manager is KIP REIT Management Sdn Bhd, which is engaged in active asset management and enhancement strategies, acquisition growth strategies and capital and risk management strategies.
Address
Sri Utara Off Jalan Ipoh Unit B-6, Block B, Tingkat 6, Menara KIP, Kuala Lumpur, 68100, Malaysia
+60362591133
Discussions
3 people like this. Showing 50 of 711 comments
REASONS: GROWTH + YIELD + VALUE + TREND + EARNING STABILITY + GOOD FA
2023-05-25 09:40
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
2023-07-25 12:10
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...
2023-07-26 15:23
Please consider the nett dividend (after withholding tax) which will give you around 6.3%
Not too bad
2023-07-27 13:55
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 ?
2023-08-14 21:24
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.
2023-08-15 22:43
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.
2023-08-21 23:31
@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.
2023-08-22 13:20
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.
2023-08-28 15:53
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
2 months ago
See past few years history la
From 16th to 19th
No law saying that QR must be same day every year
2 months ago
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.
2 months ago
To make 1 or 1.5 cts in a week is good buy also. There will be a small jump once dividend is announce
2 months ago
actually I buying a lot last few days at 885. After announcemnet it goes to 90 cts I just sell
2 months ago
Doubt it as REITS income usually fairly consistence unless some major write off or surprises as most rental contract are long term
2 months ago
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
2 months ago
Then this year yield should to above 7% this year as in July the last one before book closing usually is higher.
2 months ago
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 ?
2 months ago
To normal/layman investor like us
Taxable = Deduct 10% withholding tax
Exempt = 0% tax
Non-taxable = 0% tax
2 months ago
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
2 months ago
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
2 months ago
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.
2 months ago
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
2 months ago
say 0.16sen net distributable is around 0.144sen
every Q will have additional 0.036sen DPU
2 months ago
KIPMall Kota Warisan not in the picture yet, only to Start Contributing in 2HFY24
2 months ago
@smartly - did you factor in the dilution after the 3 industrial properties in your DPU calculation?
2 months ago
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
2 months ago
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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
2023-02-02 15:34