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Business Times
a day ago
- 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
a day ago
- 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.
The Sun
6 days ago
- Business
- The Sun
Pahang leads East Coast with RM4 bln investments in 1H 2025
KUANTAN: Pahang has emerged as the top investment destination in the East Coast, securing RM4 billion in realised investments for the first half of 2025. The figure surpasses Terengganu (RM1.3 billion) and Kelantan (RM1.1 billion), reinforcing the state's economic momentum. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail highlighted that Pahang also attracted RM3.5 billion in committed investments during the same period, reflecting strong investor confidence. 'Pahang is now a progressive and competitive state, with an estimated RM38.4 billion in high-impact investments expected this year,' he said. Key sectors driving growth include manufacturing, oil and gas, and tourism. The state's GDP expanded by 5.7% in 2024, outperforming the national average of 5.1%, with a total value of RM68.7 billion. Since 2018, Pahang's GDP has grown by 23%, equivalent to RM13 billion, attributed to sustainable development policies. Wan Rosdy credited political stability, modern infrastructure, and an efficient investment ecosystem for the progress. 'Pahang 1st Aspiration ensures balanced growth, job creation, and fair wealth distribution,' he added. The state remains committed to enhancing competitiveness and ensuring public benefits from economic advancements. - Bernama
