-- KIP Real Estate Investment Trust's (KLSE:KIPREIT) distribution per unit stood at 0.0173 ringgit in the fiscal third quarter ended March 31, according to a Monday Malaysian bourse filing.
Shares of the REIT gained over 1% in Tuesday's midday trade.
Profit jumped 31.4% to 18.2 million ringgit from 13.8 million ringgit a year earlier, driven by stronger contributions from existing assets and acquisitions.
Gross revenue rose 12.9% annually to 44.6 million ringgit from 39.5 million ringgit, while net property income increased 17.6% to 32.3 million ringgit from 27.5 million ringgit.
For the nine months, gross revenue climbed 33.9% to 128.9 million ringgit from 96.2 million ringgit, with net property income up 37.3% to 94.5 million ringgit from the prior year. Meanwhile, profit rose 47.5% to 52.9 million ringgit year-on-year, the filing said.
KIP REIT also proposed the acquisition of Setapak Central mall for 435 million ringgit.