KIP Real Estate Investment Trust (KIP REIT) was listed on the Main Market of Bursa Malaysia Securities Berhad, with its principal activity being investing in a portfolio of retail real estate properties. All properties are strategically located in suburban areas, concentrated in residential, commercial, and industrial zones within a five-kilometer radius of catchment areas. Following a change in its investment policy on 12 October 2020, KIP REIT is now able to invest in real estate used for retail, industrial, and commercial purposes to enhance its portfolio. KIP REIT currently has a portfolio of 20 properties, comprising 6 industrial properties in Pulau Indah, Port Klang, Cheras Jaya, Bintulu and Pasir Gudang; 9 KIPMalls located in Bangi, Tampoi, Kota Tinggi, Masai, Senawang, Melaka, Kota Warisan, Desa Coalfields, Setapak; AEON Mall Kinta City in Ipoh, TF Value-Mart in Gerik, Perak; D'Pulze Shopping Centre in Cyberjaya, Lotus's Indera Mahkota and KIP Kuantan shoplots. Currently, KIP REIT has a total net lettable area of over 3.8 million square feet and total properties valued at approximately RM2.2 billion. KIP Real Estate Investment Trust was established in November 11, 2016, and incorporated in Malaysia.
Research context
Kip Real Estate Investment Trust appears in PyInvesting’s Kuala Lumpur Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- MYR
- Sector
- Real Estate
- Industry
- REIT - Retail
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5 years, 6 months ago
Kip Real Estate Investment Trust is currently in a long term uptrend where the price is trading 1.8% above its 200 day moving average.
From a valuation standpoint, the stock is 5.0% cheaper than other stocks from the Other sector with a price to sales ratio of 6.1.
Kip Real Estate Investment Trust's total revenue sank by 5.7% to $19M since the same quarter in the previous year.
Its net income has dropped by 6.2% to $9M since the same quarter in the previous year.
Finally, its free cash flow grew by 29.0% to $14M since the same quarter in the previous year.
Based on the above factors, Kip Real Estate Investment Trust gets an overall score of 3/5.