Listed in 2013, KLCCP Stapled Group is the largest listed REIT in Malaysia. It owns landmark properties around the KLCC precinct, including the PETRONAS Twin Towers, Menara ExxonMobil, Menara 3 PETRONAS, Kompleks Dayabumi, Suria KLCC, the Mandarin Oriental Kuala Lumpur (MOKUL Hotel), and a 33% stake in Menara Maxis. The Group is also involved in asset management services such as facility and car park management. Following the COVID-19 pandemic, it had a strong year in 2024. Here are eight things I learned from the 2025 KLCCP AGM. 1. Revenue grew 5.7% year-on-year to RM1.7 billion in 2024, which is a record high since its listing in 2013. Distribution per stapled security increased 9.9% year-on-year from 40.5 sen in 2023 to 44.5 sen in 2024 as operating costs remained stable during the year. The office and retail segments were the two dominant contributors, accounting for nearly all of the Group’s profit...