The Manager of KIP REIT has proposed a first income distribution of MYR 9.4 million, translating to 1.55 sen per unit. The book closure is fixed for 3 November 2023 and payment of the proposed income distribution will be made on 23 November 2023. Based on the closing price of MYR 0.895 on 20 October 2023, the trailing twelve months' distribution per unit gives a yield of approximately 7.04%.