CapitaLand Malaysia Trust Q3 2022 Net Income Up 105.8%
Oct 26, 2022 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced an increase of 45.9% year-on-year in gross revenue to RM71.0 million (US$15 million) for the quarter ended September 30, 2022 (Q3 2022). Net property income (NPI) grew 105.8% year-on-year to RM38.2 million from RM18.6 million in Q3 2021. The strong performance was largely due to higher revenue contribution across all CLMT properties amidst the continued recovery in retail sentiment and tenant sales.
Distributable income for Q3 2022 was RM22.2 million and distribution per unit (DPU) was 1.01 sen. For the period 1 January to 30 September 2022 (YTD Sep 2022), distributable income was RM64.3 million and DPU was 2.96 sen.