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CapitaLand China Trust’s 9-Months Revenue Up 7%

Nov 4, 2022- CapitaLand China Trust (CLCT) reported gross revenue of 1.4 billion yuan (S$272 million) for the first nine months ended Sept 30, up 7% from 1.3 billion yuan in the year-ago period, on positive rental reversions.

Its retail assets achieved a +4.9% rental reversion as traffic picked up from the depths of Q2 2022. New economy rental reversion was +5.6%. Read more here