EPF ceases to be substantial shareholder in KIP REIT

• The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.07% stake, comprising 48.51 million units, via a private placement priced at 82.5 sen per unit in December last year.

KUALA LUMPUR (Aug 12): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in KIP Real Estate Investment Trust (KL:KIPREIT) following the disposal of two million shares or a 0.25% stake last Wednesday (August 6).

According to filings with Bursa Malaysia, the EPF had been gradually paring down its holdings since July 10. Over the period, the fund sold a total of 9.95 million KIP shares or a 1.25% stake. After the disposals, EPF now holds 38.56 million units, representing a 4.83% interest in the property investment trust.

The EPF first emerged as a substantial shareholder in KIP REIT after acquiring a 6.07% stake, comprising 48.51 million units, via a private placement priced at 82.5 sen per unit in December last year.

Earlier, Hextar Rubber Sdn Bhd had ceased to be a substantial shareholder in KIP REIT, having reduced its holdings from 90.86 million units (11.38%) to 11.86 million units (1.49%) between March and May.

For the fourth quarter ended June 30, 2025 (4QFY2025), KIP REIT reported a 6.1% increase in net property income (NPI) to RM28.05 million, up from RM26.43 million in the same quarter last year, as quarterly revenue rose 22.2% to RM39.89 million from RM32.64 million. Separately, the REIT recorded RM63.27 million in property revaluation gains on its investment properties during the quarter.

For the full financial year ended June 30, 2025 (FY2025), NPI surged 24.4% to RM96.82 million from RM77.82 million in FY2024, driven by a 33.3% increase in revenue to RM136.13 million from RM102.16 million.

With major unitholders exiting, KIP REIT’s share price faced slight selling pressure, retreating from the 89 sen level to 83.5 sen. After closing at 85 sen on Monday, It inched up to 85.5 sen on Tuesday late morning, valuing the REIT at RM682.8 million in market capitalisation.

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