Capitaland posts higher 2Q net profit of RM35.07mil
In a filing with Bursa Malaysia today, CLMT posted a higher 2Q 2025 revenue of RM115.73 million, increasing from RM113.65 million previously.
It attributed the higher revenue to better performance recorded by most properties within CLMT's portfolio as a result of positive rental reversions, rental step-ups, and the commencement of rental income recognition from the Glenmarie Distribution Centre and Senai Airport City Facilities effective January and June 2025, respectively.
For the first half (1H) ended June 30, 2025, CLMT's net profit jumped to RM72.55 million from RM66.96 million in the previous corresponding period, while revenue also improved to RM236.11 million from RM225.54 million.
"CLMT remains focused on driving value through targeted asset management initiatives while pursuing opportunities to acquire yield-accretive assets.
"Income resilience is expected to improve upon the completion of three ongoing industrial and logistics acquisitions in 2H 2025," it said.
Meanwhile, CLMT said the proposed placement to raise RM250 million is expected to be completed in the third quarter of this year and will further strengthen its balance sheet, providing greater financial flexibility to capitalise on emerging market opportunities.
"The proceeds will primarily be used to repay the existing bank borrowings incurred for the acquisitions of nine industrial and logistics assets. This includes the completed acquisitions of the Valdor Logistics Hub and Glenmarie Distribution Centre, which are already contributing to income," it said.
In a separate statement, CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) chief executive officer and CLMT manager Yong Su-Lin said the group continues to elevate the appeal of its portfolio with family-oriented lifestyle offerings at 3 Damansara and The Mines, catering to evolving shopper preferences and strengthening the tenant mix.
"With these additions, shoppers will be able to enjoy a more wholesome experience at our malls, and we are confident that our tenants can also benefit from the increase in footfall and sales," she said.
On the industrial and logistics front, Yong said, alongside the acquisition of three industrial properties in Senai Airport City in Johor, the group expects the acquisition of three industrial properties at Nusajaya Tech Park in Iskandar Johor and a modern automated logistics facility in Selangor to contribute positively to CLMT's earnings in 2H 2025 upon completion.
CLMT has proposed the first income distribution of 2.46 sen per CLMT unit for the period from Jan 1, 2025, to June 30, 2025.
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