CLMT said the rise in NPI was mainly due to contributions from Queensbay Mall.
PETALING JAYA: Capitaland Malaysia Trust
(CLMT) achieved a 24% year-on-year (y-o-y) growth in net property income (NPI) to RM191.4mil for the nine months ended September, translating to a 15.1% increase in distribution per unit to 3.43 sen.
The investment manager’s distributable income for the period also also grew 26.6% y-o-y to RM97.6mil.
CLMT said the rise in NPI was mainly due to contributions from Queensbay Mall which was acquired in March 2023 as well as better performances from its retail portfolio and Valdor Logistics Hub.
In a filing with Bursa Malaysia yesterday, it said the strong financial performance is supported by its proactive portfolio management, as well as prudent capital and cost management.
