AEON Mall Kinta City lifts KIP REIT Q2 income


KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT), the first community-centric retail REIT listed on Bursa Malaysia, said its income in the first quarter ended Sept 30 was boosted by a newly acquired property in Ipoh, Perak.

Net property income (NPI) rose 35.8% to RM13.5mil from a year ago on the back of a revenue growth of 18.6% to RM18.5mil, it said in a statement today.

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