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KIP REIT's 3Q net property income falls 5.9% to RM13.69m, declares 1.6 sen DPU


KUALA LUMPUR (April 20): KIP Real Estate Investment Trust s (KIP REIT) net property income (NPI) for the third quarter ended March 31, 2021 fell 5.9% to RM13.69 million, from RM14.56 million a year ago, on the back of lower revenue.
Its quarterly revenue slipped 7.33% to RM17.99 million from RM19.42 million a year ago, its filing to Bursa Malaysia showed.
The group proposed a third distribution per unit (DPU) of 1.6 sen, which will be paid on May 25.
The group said the drop in revenue was attributed to RM1.6 million lower revenue from both the Southern and Central regions but partially cushioned by higher revenue from AEON Mall Kinta City in the Northern region. ....

Kuala Lumpur , Northern Region , Movement Control Order , Real Estate Investment Trust , Estate Investment Trust , Bursa Malaysia , Kinta City , குவாலா லம்பூர் , வடக்கு பகுதி , இயக்கம் கட்டுப்பாடு ஆர்டர் , ரியல் எஸ்டேட் முதலீடு நம்பிக்கை , எஸ்டேட் முதலீடு நம்பிக்கை , கீந்த நகரம் ,