KLCC REIT Corporate Profile

KLCC REIT is Malaysia’s largest real estate investment trust and is part of a stapled security together with KLCCP, forming the only staple security in the country.

KLCC REIT is an Islamic Real Estate Investment Trust established to own and invest primarily in Shariah compliant real estate for office and retail purposes. The Fund was constituted by the Deed dated 2 April 2013 entered into between the Manager and Maybank Trustees Berhad (“the Trustee”). The Deed was registered and lodged with the Securities Commission (SC) on 9 April 2013 and the Fund was listed on the Main Board of Bursa Malaysia Securities Berhad on 9 May 2013.

OBJECTIVE

To provide the unitholders with regular and stable distributions which is supported by KLCC REIT’s strategy of improving returns from its property portfolio and capital growth, while maintaining an appropriate capital structure

Investment Strategies

Focused on active asset management and acquisition growth strategy to provide regular and stable distributions to unitholders and ensure capital growth and improved returns from its property portfolio.


ACTIVE ASSET MANAGEMENT STRATEGY

Optimise the rental and occupancy rates and the Net Lettable Area (NLA) of the properties in order to improve the returns from KLCC REIT’s property portfolio.

ACQUISITION GROWTH STRATEGY

Acquire real estate that fit with KLCC REIT's investment policy and strategy to enhance the returns to the unitholders and capitalise on opportunities for future income and Net Asset Value (NAV) growth.

KLCC REIT salient features :

Name of Fund KLCC Real Estate Investment Trust (KLCC REIT)
Fund Type Income and growth
Fund Category Islamic Real Estate Investment Trust
Approved Fund Size 1,805,333,083 units
The Manager KLCC REIT Management Sdn Bhd
The Trustee Maybank Trustees Berhad
Investment objective To provide the unitholders with regular and stable distributions which is supported by KLCC REIT’s strategy of improving returns from its property portfolio and capital growth, while maintaining an appropriate capital structure
Investment policy To invest, directly and indirectly, in a Shariah-compliant portfolio of income producing Real Estate used primarily for office and retail purposes as well as Real Estate-Related Assets in Malaysia and overseas
Distribution policy 95% of KLCC REIT’s distributable income for FY2013 and FY2014 and at least 90% for each subsequent financial year

Distributions are made on a quarterly basis
Gearing policy The total borrowings of KLCC REIT shall not exceed 50% of the Total Asset Value (or such other level permitted by the Securities Commission) at the time the borrowings are incurred unless prior approval of the unitholders has been obtained
Listing Date 9 May 2013
Deed The Deed dated 2 April 2013 between the Manager and the Trustee, constituting KLCC REIT and registered with the Securities Commission on 9 April 2013
Stapling Deed Stapling Deed dated 2 April 2013 amongst the Manager, Trustee and KLCCP
Stock Name KLCC
Stock Code 5235SS

KLCC REIT Structure

KLCC