KIP Real Estate Investment Trust Stock Price

KIP Real Estate Investment Trust (“KIP REIT”) was listed on the Main Market of Bursa Malaysia Securities Berhad on 6 February 2017, 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-kilometre 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 18 properties, comprising 6 industrial properties in Pulau Indah, Port Klang, Cheras Jaya, Bintulu and Pasir Gudang; 8 KIPMalls located in Bangi, Tampoi, Kota Tinggi, Masai, Senawang, Melaka, Kota Warisan, Desa Coalfields; AEON Mall Kinta City in Ipoh, TF Value-Mart in Gerik, Perak; D’Pulze Shopping Centre in Cyberjaya and KIP Kuantan. Currently, KIP REIT has a total net lettable area of over 3.2 million square feet and total properties valued at approximately RM1.7 billion.