LATEST NEWS   Contract to host Malaysian MotoGP at Sepang International Circuit extended by five years until 2031 - Youth and Sports Minister | Malaysia must prepare its workforce for the AI era through better education, skills training and talent development - PM Anwar | Ant International’s decision to establish its global operations centre in Malaysia reflects growing confidence in the country’s strengths in technology, innovation and AI - PM Anwar | Technology, finance and innovation must create quality jobs, strengthen local industries, support businesses and improve access to affordable services - PM Anwar | Over 59,000 former PSD-sponsored students who graduated on or before Dec 31 2024 are eligible to apply for the Second Phase Academic PBU Option - PSD | 
BUSINESS • 28/04/2026 06:46 PM

KLCCP Stapled Group Optimistic On Sustaining Growth In 2026 Amid Rising Economic Uncertainties

KUALA LUMPUR, April 28 (Bernama) -- KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group, remain optimistic on sustaining their positive performance in 2026 amid rising economic uncertainties.

Its chief executive officer Datuk Mohd Salem Kailany said the group stayed mindful of heightened economic uncertainties and a more challenging operating environment as rising cost pressures may weigh on KLCCP’s retail and hotel performance.

“We will continue to focus on strengthening our value proposition, enhancing customer experience and driving operational resilience to navigate the evolving landscape.

Ad Banner

“While the market is challenging, we have been able to improve by managing our cost and sustainability agenda, and cost optimisation. So, all these positive factors are driving more revenue,” he said at a press conference after KLCCP Stapled Group’s annual general meeting today.

Mohd Salem said the group is on track with the moving annual turnover for its mall, Suria KLCC, which has stabilised at around RM2.7 billion on an annual basis.

“When viewed alongside tenant sales for Suria KLCC, the occupancy cost-to-revenue ratio at the mall remains manageable, averaging below 20 per cent.

Ad Banner
Ad Banner
Ad Banner

“As such, we are confident that lease renewal targets remain achievable. While we prefer not to make overly ambitious promises, we have so far been able to sustain single-digit rental growth,” he said.

Furthermore, he said KLCC Stapled Group remain highly selective when evaluating potential acquisitions, with its focus firmly on opportunities within Malaysia.

“At this stage, there are no plans for us to expand overseas yet,” he added.

To recap, KLCCP Stapled Group recorded a higher net profit of RM1.28 billion in the financial year ended Dec 31, 2025, (FY2025) from RM1.02 billion in the preceding year. Revenue also rose to a record RM1.74 billion from RM1.71 billion previously.

The group said the fair value gains on investment properties further contributed to the increase in profit before tax of RM1.4 billion, reflecting its continued strength driven by asset quality and operational stability.

-- BERNAMA

 

 

More News

Categories

Tags