Kingston Properties Limited (KPREIT) reported a Q1 2026 net profit of US$658,957, a 34% decrease compared with the US$1.00 million reported in Q1 2025, which had benefitted from one-off fair value and disposal gains.
Total operating revenues increased 32% to US$1.82 million (Q1 2025: US$1.38 million), while operating expenses rose only 4% to US$607,581. Management fees totalled US$42,645.
Results of operating activities before other income surged 51% to US$1.26 million, demonstrating expanding core profitability. Net finance costs climbed 49% to US$586,279 (Q1 2025: US$392,597) on higher borrowings funding portfolio expansion.
Earnings per share for the quarter were US$0.0007 versus US$0.0011 in the prior year. Total assets reached US$98.42 million, with investment properties up US$8.99 million to US$85.91 million. Shareholders’ equity stood at US$55.63 million.
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