CapitaLand Group
With a solid business ecosystem, we deliver long-term sustainable value to our stakeholders.
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CapitaLand Group
With a solid business ecosystem, we deliver long-term sustainable value to our stakeholders.
CapitaLand Group
With a solid business ecosystem, we deliver long-term sustainable value to our stakeholders.
22 Apr 2026
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CLMT's strong growth in 1Q 2026 was mainly driven by completed industrial and logistics acquisition in 2025 and better performance of retail properties, particularly East Coast Mall.
Summary of CLMT’s results
|
1Q 2026 |
1Q 2025 |
Change (%) |
Gross revenue (RM’000) |
127,383 |
120,375 |
5.8 |
Net property income (RM’000) |
80,420 |
70,093 |
14.7 |
Distributable income (RM’000) |
45,765 |
37,297 |
22.7 |
Distribution per unit (sen) |
1.36 |
1.28 |
6.3 |
Kuala Lumpur, 22 April 2026 – CapitaLand Malaysia Trust (CLMT) achieved strong distributable income growth of 22.7% to RM45.7 million for the period 1 January 2026 to 31 March 2026 (1Q 2026) compared to 1Q 2025. Correspondingly, its distribution per unit (DPU) grew 6.3% year-on-year (y-o-y) to 1.36 sen.
Net property income (NPI) rose 14.7% y-o-y to RM80.4 million. The strong momentum was mainly driven by the industrial and logistics acquisitions completed in 20251, and better performance of the retail properties, particularly East Coast Mall, alongside prudent management of interest costs.
Ms Yong Su-Lin, CEO of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CLMT
Ms Yong Su-Lin, CEO of CapitaLand Malaysia REIT Management Sdn. Bhd. (CMRM), the manager of CLMT, said: “CLMT registered a strong start to the year, with 1Q 2026 results reflecting the quality and strength of our growing portfolio. This was underpinned by the completed acquisitions of seven industrial and logistics properties in 2025, which have meaningfully strengthened our asset base, and complemented by steady revenue growth across most of our retail assets. We are actively investing to enhance shoppers’ experience, from undertaking asset enhancement initiatives to driving ongoing leasing and tenant curation efforts that keep our malls fresh, relevant and competitive. These initiatives reflect our commitment to ensuring that our malls evolve alongside changing retailer and consumer needs.”
“While the global environment remains uncertain, CLMT will adopt a prudent approach in our portfolio rejuvenation strategy. Anchored by disciplined capital management and a proactive approach to portfolio growth, we will remain agile in identifying emerging opportunities,” added Ms Yong.
Proactive portfolio management
As at 31 March 2026, CLMT’s retail occupancy remained stable at 93.5%. Including its logistics and industrial properties, the overall portfolio occupancy stood at 94.7%. CLMT’s retail portfolio achieved positive rental reversion of 12.4% for 1Q 2026. Shopper traffic improved by 7.1% y-o-y, while tenant sales per square foot increased by 0.4% y-o-y.
At The Mines, an asset enhancement initiative (AEI) is underway to upgrade spaces along the canal and introduce a vibrant marketplace on Level 1. Slated for completion by end-2026, the AEI is expected to create a revitalised precinct with a curated mix of food and beverage offerings and improved circulation that integrate social event spaces.
In addition, CLMT continues to refine its tenant mix in line with changing consumer preferences to drive footfall and spending. Anchor supermarket offerings at Sungei Wang Plaza, East Coast Mall and The Mines have been refreshed with new brands, enhancing the overall trade mix and improving the shopper experience.
Prudent capital management
As at 31 March 2026, CLMT maintained a well-spread debt maturity profile with an average term to maturity of 4.4 years. Its year-to-date average cost of debt and gearing ratio were 4.24% and 39.3% respectively. 72% of its total borrowings are on fixed interest rates to mitigate exposure to interest rate movements.
Sustainability initiatives
As part of its commitment to building a sustainable portfolio, Gurney Plaza attained the Green Mark GoldPLUS certification from Singapore’s Building and Construction Authority in January 2026. This raises the proportion of green-certified assets in CLMT’s overall portfolio by gross floor area to approximately 68%, comprising eight properties.
Distribution details
Unitholders can expect to receive a DPU of 1.91 sen for the period from 7 August 2025 to 31 December 2025, payable by March 2026. This follows an advanced distribution of 0.47 sen paid on 19 August 2025 for the period of 1 July 2025 to 6 August 2025. The Board of CMRM has elected to apply the Distribution Reinvestment Plan to the income distribution for the period of 7 August 2025 to 31 December 2025, enabling Unitholders to choose to receive the distribution fully in cash or to reinvest part of the distribution in new units. The dates of book closure and income distribution will be announced upon obtaining the necessary regulatory approvals.
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