KLCCP Stapled Group posts flat profit in 3Q, declares higher dividend of 9.5 sen
KLCCP's office division was the largest revenue contributor in the quarter with RM146.
KLCCP Stapled Group's 1Q profit rises 7%, declares 9.2 sen dividend
The group, comprising KLCC Property Holdings Bhd and the KLCC Real Estate Investment Trust (REIT), declared a higher interim dividend of 9.
KLCCP Stapled Group to be selective in new asset acquisitions amid market uncertainty
At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.
KLCCP Stapled Group’s 4Q net profit up 12%, delivers record dividend payout
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — declared a fourth interim dividend of 17.
KLCCP Stapled Group’s 3Q net profit rises 11%, declares 9.2 sen dividend
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — declared a dividend of 9.
KLCCP Stapled Group appoints Salem Kailany as CEO
Salem, 55, a seasoned professional in the property development and real estate sector, will be stepping into the role to oversee KLCC REIT’s operational and strategic direction.
KLCCP Stapled Group's 2Q net profit up 5.7%, declares 9.2 sen dividend
The group’s Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, recorded notable increases of 8% and 11% in quarterly revenue and profit before tax respectively.
KLCCP Stapled Group reports marginal increase in 1Q earnings, pays 9 sen dividend
On prospects for the quarters ahead, KLCC Stapled Group said Suria KLCC maintains a positive outlook despite heightened competition, while Mandarin Oriental is strategically positioned to leverage the favourable economic climate, strengthening its collaboration with KLCC precinct partners.
Suria KLCC shrugs off competition from new malls, with occupancy rate hitting 98% at end-2023
Suria KLCC recently become a wholly owned subsidiary of KLCCP, after it bought the remaining 40% stake in the mall for RM1.
Analysts keep call intact for KLCCP Stapled Group on earnings prospect; yield targets from 5.5%
In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP's prospects in the upcoming quarters, bolstered by the office division's robust 100% occupancy rate as of end-December 2023, increase in hotel operation’s occupancy ratio from 52% to 55%, and improved performance in the management services due to the rise in transient and season car park customers.
