How to declare a class property in Kotlin so that it is static?

In Kotlin, there is no direct equivalent of static properties like in Java. To declare a property that is shared among all instances of a class (static), a companion object is used.

Example:

class MyClass {
    companion object {
        var staticProperty: String = "Shared property"
    }
}

fun main() {
    println(MyClass.staticProperty) // Accessing the property without creating an instance
    MyClass.staticProperty = "New value"
    println(MyClass.staticProperty)
}

Properties and methods inside the companion object are accessible through the class name, which mimics the behavior of static members.