KLCCP Stapled Group (the Group) held its 12th Annual General Meeting for KLCC Real Estate Investment Trust (KLCC REIT) and 22nd Annual General Meeting for KLCC Property Holdings Berhad, where the group boasted a record-breaking revenue, profits, and dividend since its listing.
Revenue saw a 5.7% year-on-year increase, hitting RM1.7 billion, whilst Profit Before Tax (PBT) rose to RM1.2 billion, reflecting a robust growth momentum underpinned by the resilience and strength of the Group’s portfolio. In line with this stellar performance, the Group declared its highest-ever dividend payout of 44.50 sen per stapled security, a 9.9% increase from 2023.

Datuk Sr Mohd. Salem Kailany, Chief Executive Officer of KLCCP, commented, “the Group marked a significant milestone in 2024, achieving commendable performance across all our business segments. We deployed the right strategies, elevated the customer experience, and ensured our assets remained in pristine condition, driving the strength in our properties and business growth.”
Looking into 2025, the group does not see much impact from the US tariff announcements, but did add that it’s closely monitoring the developments.

On BusinessToday’s question of asset acquisition, Datuk Salem was clear on the KLCCP’s direction and stated that the focus will be on asset rejuvenation with higher rental yield and stated that there is no new property targeted for acquisition at the moment.

Instead revenue growth for 2025 will likely come from Suria KLCC from rental increase after completing its refurbishing of some of the facilities.

“We believe 2025 promises to be an exciting year. With our strategic positioning, our spaces will undoubtedly take centre stage, and we will continue to lead, inspire progress and ensure that our assets become enduring global icons of success and excellence,” said Datuk Sr Mohd. Salem Kailany.

Source: KLCCP Says No Acquisition Plans, Content With Current Assets