
The Fifth Person
2022-05-10 08:59:45
7 things I learned from the 2022 KLCCP Stapled Group AGM
KLCCP Stapled Group is Malaysia’s largest REIT. Its annual general meeting (AGM) is usually one of the more routine ones in Malaysia (in a good way) partly because the REIT is very stable. This means investors holding positions in this REIT can worry less and sleep soundly at night. The group owns good-quality assets in prime locations in Kuala Lumpur such as the iconic and touristy Petronas Twin Towers.
Compared to pre-pandemic levels, the KLCCP’s distribution in 2021 only dropped 11.6% while the distributions of IGB REIT, Pavilion REIT and Sunway REIT declined 34.2%, 48.1%, and 57.6% respectively in 2021.
Although 2021 was fraught with the lingering effects of the pandemic, border closures, and prolonged movement restrictions, the group continues to benefit from the posit