Mr Tan Choon Siang, CEO of CMRM

Mr Tan Choon Siang, CEO of CMRM, said: “CLMT has delivered a DPU of 1.95 sen for 1H 2022, surpassing the full-year DPU of 1.84 sen in FY 2021. Portfolio occupancy rate as at 30 June 2022 improved to 80.8% as all CLMT malls registered improvements in occupancies. Portfolio tenant sales per square foot in 2Q 2022 had exceeded pre-pandemic levels, notching an increase of 18.9% when compared to the average in 2019.”

 

“While we are cautiously optimistic in sustaining the positive performance momentum in the coming quarters, we are closely monitoring the impact of inflation, labour shortage and rising interest rates on our tenants’ businesses. To increase the resilience of CLMT’s portfolio, we will continue to pursue yield-accretive investment opportunities in the industrial and logistics space as part of our diversification strategy towards increasing the proportion of non-retail assets in CLMT’s enlarged portfolio to 20% over the next three years.”

Events such as the Tag Heuer Connected Golf Challenge attracted crowds at Gurney Plaza
Project Rock which houses Malaysia’s first Kilter board opened this month in Gurney Plaza

Summary of CLMT's results

 

 

2Q 2022

2Q 2021

Change

(%)

1H 2022

1H 2021

Change

(%)

Gross revenue (RM’000)

68,321

52,713

29.6

135,915

109,369

24.3

Net property income (RM’000)

37,427

26,426

41.6

73,492

51,341

43.1

Distributable income (RM’000)

21,579

10,569

104.2

42,027

18,151

131.5

Distribution per unit (sen)

1.00

0.50

100.0

1.95

0.86

126.7