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KIP REIT 4Q NPI lowers 6%

KIP Real Estate Investment Trust (KIP REIT)’s net property income (NPI) for the fourth quarter ended June 30, 2022 (4QFY22) dropped 5.8% to RM14.2 million, down from RM15.08 million a year ago, due to higher utilities expenses and lower gross revenue.

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Pavilion REIT 2Q NPI jumps 74.5% as economic reopens

Pavilion Real Estate Investment Trust (REIT) net property income (NPI) for the second quarter ended June 30, 2022 (2QFY22) jumped 74.5% to RM83.11 million, up from RM47.62 million a year ago, as revenue was higher while operating expenses declined after economic reopen.

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TNB: Power outage due to Yong Peng substation equipment damage

Tenaga Nasional Bhd (TNB) said on Wednesday (July 27) that the goverment-controlled utility had at 3.02pm fully restored electricity supply in areas across Peninsular Malaysia affected by a power outage since 12.39pm, due to a damaged equipment within the main power intake substation in Yong Peng, Johor.

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