Latest news with #CapitaLandMalaysiaTrust
Business Times
21-07-2025
- Business
- Business Times
CapitaLand Malaysia Trust posts 0.9% rise in Q2 DPU to 1.18 sen on positive rental reversions, new contribution
[SINGAPORE] 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. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up 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.
Business Times
21-07-2025
- Business
- Business Times
CapitaLand Malaysia Trust reports 0.9% rise in Q2 DPU to 1.18 sen on positive rental reversions, new contribution
[SINGAPORE] 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 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. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up 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 the year-ago half-year. 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.
New Straits Times
21-07-2025
- Business
- New Straits Times
Capitaland posts higher 2Q net profit of RM35.07mil
KUALA LUMPUR: CapitaLand Malaysia Trust's (CLMT) net profit rose to RM35.07 million in the second quarter ended June 30, 2025 (2Q 2025), compared to RM33.47 million in the previous corresponding quarter. 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.
Business Times
04-06-2025
- Business
- Business Times
CapitaLand Malaysia Trust proposes sale of 435.4 million units to raise RM250 million
[SINGAPORE] The manager of CapitaLand Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment , on Tuesday (Jun 3) proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM250 million (S$75.8 million). This will represent around 14.9 per cent of the total number of units in issue. The number of placement units was determined based on an issue price of RM0.5741 per unit, representing a discount of around 10 per cent to the volume weighted average market price of RM0.6379 per unit over the five trading days up to and including the latest practicable date. The final number of placement units will be determined at a later stage, the manager said in a bourse filing. Proceeds from the sale may be temporarily parked in interest-bearing deposit accounts, short-term money market instruments, or other permissible investments in accordance with CLMT's trust deed. According to the manager, the proposed placement aims to raise funds to partially repay existing bank borrowings that were previously drawn to finance the acquisition of industrial and logistics assets in 2022 and 2023. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The proceeds will also be used to fund the acquisition costs of several proposed properties currently pending completion. CLMT previously acquired the Valdor Logistics Hub in Penang for RM80 million in December 2022 and the Glenmarie Distribution Centre in Selangor for RM39.7 million in August 2023, both funded through bank borrowings. In addition, CLMT is expected to complete the acquisition of three freehold industrial properties in Senai Airport City for RM72 million, another three freehold industrial properties in Nusajaya Tech Park in Iskandar Puteri, Johor, for RM27 million and an automated logistics facility in Selangor for RM180 million. These are all expected to be completed by the second half of 2025. 'After due consideration of the various funding options available for the funding of the projects and also future acquisitions, the Board is of the view that the proposed placement is the most appropriate avenue for fund-raising,' the manager said. CLMT's portfolio comprises six retail properties and two logistics assets with a total net lettable area of 4.3 million square feet, across three key urban centers in Malaysia. Units of CLI ended Tuesday 0.4 per cent or S$0.01 higher at S$2.51. Units of CLMT, which is listed on Bursa Malaysia, closed 0.8 per cent or RM0.005 lower at RM0.635 on Tuesday.
