CapitaLand Malaysia Trust posted a 21.6% year-on-year rise in third-quarter distribution per unit to RM0.0135, up from RM0.0111, helped by industrial and logistics properties acquired in 2025. Distributable income climbed 32.2% to RM46.3 million, revenue grew 9.1% to RM126.5 million and net property income rose 14.9% to RM79.4 million. Portfolio occupancy was 94.3% as at Sep 30, gearing stood at 38.3% and 75% of borrowings carry fixed rates, the trust's manager said on Oct 22.
According to businesstimes.com.sg, CapitaLand Malaysia Trust (CLMT) reported a 21.6% year-on-year increase in its third-quarter distribution per unit, driven mainly by contributions from industrial and logistics properties acquired in 2025.
DPU for the quarter rose to RM0.0135 from RM0.0111 a year earlier, the trust’s manager said on Thursday (Oct 22). Distributable income climbed 32.2% year on year to RM46.3 million (US$11.3 million), up from RM35.1 million previously.
Revenue grew 9.1% to RM126.5 million from RM116 million in the same quarter a year ago, while net property income advanced 14.9% to RM79.4 million from RM69.1 million.
Industrial and logistics expansion lifts earnings
Yong Su-Lin, chief executive of the trust’s manager, attributed the stable showing to the portfolio’s widened base, saying CLMT delivered the results despite a challenging macroeconomic backdrop.
“Our expansion into industrial and logistics has enhanced the diversification and resilience of our portfolio.” — Yong Su-Lin, CEO of the trust’s manager
The manager said positive rental reversions, rental step-ups and higher contributions from most of CLMT’s existing retail assets also fed into DPU and net property income growth during the quarter.
Occupancy holds above 93% across portfolios
Overall portfolio occupancy stood at 94.3% as at Sep 30, with the retail portfolio holding steady at 93.1%, according to the manager.
For the first nine months of 2026, CLMT’s retail portfolio recorded a positive rental reversion of 11.3%. Shopper traffic for the quarter increased 8.2% year on year, while tenant sales per square foot rose 4.5%.
Gearing at 38.3% with debt cost of 4.17%
As at Sep 30, CLMT’s gearing ratio stood at 38.3%, with a year-to-date average cost of debt of 4.17%. About 75% of its total borrowings are on fixed interest rates.
Yong said the balance sheet leaves the trust positioned to pursue further growth while continuing to optimise the existing portfolio.
“With a strong balance sheet, we remain well-positioned to pursue accretive growth opportunities while continuing to optimise our existing portfolio.” — Yong Su-Lin, CEO of the trust’s manager
Source: businesstimes.com.sg
Compiled from international media by the SCI.AI editorial team.
