JustmemePang72... this is a very good report. Must be due to the acquisation of the industrial lots. Heard the annual rental is about 8.2 % but I am not sure
02/02/2023 3:34 PM
Fundamental TraderREASONS: GROWTH + YIELD + VALUE + TREND + EARNING STABILITY + GOOD FA
25/05/2023 9:40 AM
Starship2I think the earning from Kip Warisan, Kip Reit latest aquisition has not been included in its latest earning report... Its latest aquisition would mean Kip Reit will have 11 properties..but the report only mentions its as 10.. I suppose its incorporation is not completed yet
25/07/2023 12:10 PM
Pinky@Starship2 acquisition of KIP Warisan is only at proposal stage
25/07/2023 1:20 PM
Starship2Thanks Pinky for the info....Regarding this reit, the payout of 1.75 sen gives an annualised dividend yeild of more than 7%.. Personally, I feel it is not all that bad to park some money there...
26/07/2023 3:23 PM
Value Investor Coo1eoPlease consider the nett dividend (after withholding tax) which will give you around 6.3% Not too bad
27/07/2023 1:55 PM
JustmemeLet us do the maths again. At 1.75 cts equal to 1,75x4 = 7 cts per year. At a price of 90 cts, 7cts gives an annual div of 7.78%. After 10% tax nett div is 7 %. Am I right here ?
Value Investor Coo1eoWow…I would be very happy if the gross dividend for next 12 months is 7sen. I prefer to be conservative and take gross 6.4sen which is average of past 3 FY. So nett around 5.8sen.
15/08/2023 10:43 PM
DividendGuy67Value Investor, we think similar, 6 months ago, I predict KIPREIT FYE2023 Dividend after tax is 5.63. It came out 5.74, better than I expected. I was bracing myself for the lower dividend. At 0.885, DY of 6.5% is not bad after tax. This is one of my smaller REIT where I will be happy to add more at lower prices.
21/08/2023 11:31 PM
Value Investor Coo1eo@dividendguy67 - thanks for the message. yes, indeed. that said value buy (with MOS) for KIP is round about 0.83..i would not anything pay more than 0.85 the high dividend yields comes with an inherent risk that we are taking. Not that small is bad, but I see a lot of uncertainty and lack of transparency from time to time. CEO is also very green and lacks the experience, riding on family business. i have been now accumulating S-REITs with strong sponsors like Mapletree, CapLand and Frasers. No witholding tax, and the SGD is more solid.
22/08/2023 1:20 PM
DividendGuy67Wow ... hidden buyers plenty here. After a GTC order to queueto add a little to buy at 0.885, my order is finally executed today (97.5% matched, outstanding to match 2.5%). This is notwitstanding there was 7 consecutive days of trades being done at 0.885. 2 weeks of waiting. At 0.885, the lowest ever yield the past 6 years occured in 2019 when after tax, it is 5.437 sen with a Yield of 5.437 / 88.5 = 6.1%. This beats EPF very handily. It's TTM Dividend Yield is not bad, at 6.5%. It's maximum yield is higher, which occurred in 2021. I don't look at maximum yield, only the minimum yield, so that I can reasonably expect the worst.
My only concern is that 2023 is supposed to be an even better year than 2022 and 2021 but its distribution is lower than 2022 and 2021, hence, otherwise, I would have loaded up more. It pays not to be greedy.
JustmemeTheir pattern is every Q 1.45 to 1.55 cts region for 3Q. Next Q in May also should be about the same. The mid year in July after book closing then they will usually give a bit more ie 1.7 or 1.8 I think this coming July.
smartlyIncome Distribution Entitlement Details: Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024 (from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax exempt. Entitlement Type: Income Distribution Entitlement Date and Time: 14/02/2024 04:00 PM Year Ending/Period Ending/Ended Date: 30/06/2024 EX Date: 13/02/2024 To SCANS Date: Payment Date: 29/02/2024 Interest Payment Period: 01/10/2023 to 31/12/2023
29/01/2024 6:10 PM
JustmemeThen this year yield should to above 7% this year as in July the last one before book closing usually is higher.
30/01/2024 10:09 AM
Justmemesmartly,.... this usually I do not understand the term.
Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024 (from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax exempt.
Does it mean on the 1.55 cts declared, the 0.85 cts are taxable at 10 %, right and the 0.65 % is non taxable means no tax and the final 0.05cts is tax exempted... what it really means ???. I am not sure about this last 2 term. Can someone pls help explained and clarify on this ?
smartlyoverall the dividend yield for now is > 7%. better than putting in fd
30/01/2024 11:23 AM
JustmemeOh... Ok, many thanks. Means effective base on the tax, the tax would be 5% of 1.55 cts since about half is not taxable
30/01/2024 3:32 PM
smartlyall give tp > RM1 but since listing, never before it touches above RM1. this stock is only good for keeping for its dividends. those looking for higher interest yield than epf, not a bad idea to park your money here
02/02/2024 4:47 PM
JustmemeThey have bought the 3 industrial lots and Kinta City which are damn good investment for KIPREITS. Makes KIP not so reliance to just shpping mall and a bit diversify. If they keep on this trend it will be good in the future.
07/02/2024 4:34 PM
smartlyQ2FY2024 - 10.6m Q2FY2023 - 8.1m so the 3 industrial properties have contributed approximately (10.6 - 8.1) 2.5m per Q yearly net profit will have additional 10m, this translate to 0.16sen additional DPU yearly
07/02/2024 5:05 PM
smartlysay 0.16sen net distributable is around 0.144sen every Q will have additional 0.036sen DPU
07/02/2024 5:11 PM
smartlyKIPMall Kota Warisan not in the picture yet, only to Start Contributing in 2HFY24
07/02/2024 5:13 PM
Value Investor Coo1eo@smartly - did you factor in the dilution after the 3 industrial properties in your DPU calculation?
Value Investor Coo1eoHaiyan….@smartly - did you understand my question? You calculation claims on industrial pro wil contribute 0.16 (nett 0.144) annually. Does this consider the increase in number of units following the placement and issue of new shares in lieu of the industrial property acquisition
