KLCCP Stapled Group Posts Stable 3Q Results, Raises Dividend to 9.5 Sen

KLCCP Stapled Group delivered a steady set of results for the third quarter ended Sept 30, 2025 (3QFY2025), supported by stronger performance from its management services segment. The group reported a 1.26% year-on-year increase in net profit to RM209.13 million, compared to RM206.53 million a year earlier. Earnings per stapled security rose slightly to 11.58 sen from 11.44 sen.

Quarterly revenue remained largely unchanged at RM429.7 million, versus RM429.62 million previously.

The group—comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust—declared a third interim dividend of 9.5 sen, higher than the 9.2 sen distributed in the same quarter last year. The payout will be made on Dec 30, bringing total dividends for FY2025 to 27.9 sen per stapled security.

Management Services Segment Continues to Grow

KLCCP’s management services division, which includes facilities management and car park operations, recorded:

• Revenue: RM102.8 million (↑ 5.23% YoY)

• Profit Before Tax: RM22.2 million (↑ 7.62% YoY)

The group attributed the improvement to consistent maintenance services and higher car park income, reflecting increased activity within the KLCC precinct.

Office Segment Remains the Pillar of Stability

The office property segment—anchored by premium Grade A assets such as the Petronas Twin Towers, Menara ExxonMobil, Menara 3 Petronas and other landmark commercial properties—remained KLCCP’s strongest contributor.

• Revenue: RM146.26 million

• PBT: RM120.9 million (↑ 0.42% YoY)

This sustained office demand mirrors broader trends in the Klang Valley, where established corporate hubs continue to outperform newer decentralised markets. It also reinforces confidence in commercial property in KL as a resilient investment class.

Retail and Hospitality Segments See Mild Softening

Retail (Suria KLCC)

• Revenue: RM141.89 million (↓ 1.88% YoY)

• PBT: RM113.87 million (↓ 0.29% YoY)

Despite the marginal decline, tenant occupancy and footfall remain strong.

Hotel (Mandarin Oriental Kuala Lumpur)

• Revenue: RM59.76 million (↓ 5.6% YoY)

• PBT: RM6.05 million (↓ 1.35% YoY)

Performance was cushioned by robust MICE activity and strong group bookings.

Nine-Month Performance Remains Solid

For the first nine months of FY2025:

• Net profit: RM611.07 million (↑ 4.34% YoY)

• Revenue: RM1.25 billion (flat YoY)

KLCCP chief executive officer Datuk Mohd Salem Kailany said the group remains confident heading into the final quarter.

“Our strong portfolio—anchored by stable office performance and supported by resilient retail and hospitality segments—continues to provide a solid platform for delivering long-term value,” he said.

Share Price & Market Capitalisation

KLCCP stapled securities closed two sen higher at RM8.90, valuing the group at RM16.07 billion.

Relevance to Greater KL’s Broader Property Landscape

KLCCP’s steady office and retail performance reflects ongoing demand within the Klang Valley’s core real estate markets, complementing active growth in:

• Office space in Bukit Jalil, driven by new mixed-use developments

• Industrial land in Selangor, which continues to attract data centres and logistics players

• Factory demand in Puchong, supported by strong SME and supply-chain activity

• Industrial property in the Subang area, an established hub for engineering and high-value manufacturing

KLCCP’s results reinforce the stability of centrally located commercial assets even as industrial and logistics corridors across Selangor continue to grow rapidly.