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CapitaLand Malaysia Trust posts 0.9% rise in Q2 DPU to 1.18 sen on positive rental reversions, new contribution

CapitaLand Malaysia Trust posts 0.9% rise in Q2 DPU to 1.18 sen on positive rental reversions, new contribution

By Swedan Margen

Fashion

CapitaLand Malaysia Trust (CLMT) posted a distribution per unit (DPU) of 1.18 Malaysian sen for the second quarter ended Jun 30, 2025, up 0.9 per cent from the corresponding year-ago period.

This came as it saw positive rental reversions and income contribution from a logistics property, its manager said in a Monday (Jul 21) evening bourse filing.

Gross revenue in Q2 grew 1.8 per cent to RM115.7 million (S$35 million), from RM113.7 million.

Net property income (NPI) rose 5 per cent to RM68.7 million, from RM65.5 million.

Distributable income came in at RM34.6 million, having grown 3.9 per cent year on year from RM33.3 million.

The distribution will be paid out on Aug 19, after books closure on Aug 5. As CLMT’s DPU is paid out on a half-yearly basis, unitholders will receive 2.46 sen per unit, for the period from Jan 1 to Jun 30, 2025.

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H1 DPU was up 4.2 per cent from 2.36 sen in the corresponding year-ago period. Distributable income rose 7.4 per cent to RM71.9 million, from RM66.9 million in H1 2024.

Gross revenue was up 4.7 per cent to RM236.1 million, from RM225.5 million; NPI gained 7.3 per cent to RM138.8 million, from RM129.4 million.

The higher NPI for the half-year was mainly on the back of positive rental reversions, as well as income recognition from Glenmarie Distribution Centre, which commenced operations in January 2025, the manager said.

It added that, excluding a one-off compensation of RM3 million recorded in H1 2024 from the early termination of a lease contract, NPI for the period grew 9.8 per cent on a yearly basis.

Yong Su-Lin, chief executive of its manager, said that its strategic expansion into the industrial and logistics sectors, together with ongoing retail asset enhancements, positions CLMT well to capture sustainable growth.

Units of CLMT, which is listed on Bursa Malaysia, closed unchanged at 65 sen on Monday, before the bourse filing.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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