KIP Real Estate Investment Trust has declared a second interim distribution per unit of 1.55 sen per unit, amounting to MYR 7.83 million for second quarter of 2022. This includes a non-taxable portion of approximately 0.71 sen per unit derived from capital allowances and tax-exempt income. The book closure is fixed for 7 February 2022 and payment of the DPU will be made on 18 February 2022.

Based on the closing price of MYR 0.85 on 19 January 2022, the annualized DPU gives a yield of approximately 8.0%.