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Malaysia

CapitaLand Malaysia Trust Net Property Income Up 52.6% On Retail Growth

October 25, 2023 – CapitaLand Malaysia Trust (CLMT) posted a 52.6% year-on-year increase in net property income (NPI) of RM58.3 million for the quarter ended September 30, 2023 (Q3). Supported by income contributions from Queensbay Mall and higher revenue contributions from its retail properties. Gross revenue saw an uplift of 46% year-on-year to RM103.6 million (S$19.4 million).

CapitaLand Malaysia Trust Net Property Income Up 52.6% On Retail Growth Read More »

Frasers Centrepoint Trust Sells Hektar REIT Stake For MYR128.1 Million (S$37.4 Million)

Oct 1, 2023 – Frasers Centrepoint Trust (FCT) plans to divest 143,898,398 units in Hektar Real Estate Investment Trust. FCT held 154,458,326 Hektar REIT Units, representing approximately 30.97% of the total number of 498,787,970 Hektar REIT units in issue, FCT’s manager said in a statement. Following the completion of the divestment, FCT would hold 10,559,928 Hektar

Frasers Centrepoint Trust Sells Hektar REIT Stake For MYR128.1 Million (S$37.4 Million) Read More »

CapitaLand Malaysia REIT’s Second-Quarter Net Income Rises 51.8%, DPU Up 6%

July 29, 2023 – The manager of CapitaLand Malaysia Trust (CLMT) said net property income for the quarter ended June 30, 2023, climbed 51.8% to RM56.8 million (S$16.6 million) supported by the first full quarter contribution from recently acquired Queensbay Mall and higher rental income from other retail properties. Distributable income rose 32.7% year-on-year to RM28.6

CapitaLand Malaysia REIT’s Second-Quarter Net Income Rises 51.8%, DPU Up 6% Read More »

CLMT To Acquire Queensbay Mall In Malaysia Penang For RM990.50 Million (US$210 Million)

CLMT To Acquire Queensbay Mall In Penang For RM990.50 Million (US$210 Million) Nov 9, 2022 – CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CapitaLand Malaysia Trust (CLMT), announced the acquisition of 91.8% of the total strata floor area of retail parcels in Queensbay Mall from its sponsor for RM990.50 million. The acquisition will be

CLMT To Acquire Queensbay Mall In Malaysia Penang For RM990.50 Million (US$210 Million) Read More »