CapitaLand Malaysia Trust (CLMT) reported a 12.5% year-on-year increase in net property income (NPI) to RM77.4 million for the second quarter ended June 30, 2026, up from RM68.7 million last year [1, 2, 3, 4]. Gross revenue rose 6.3% to RM123.1 million from RM115.7 million a year earlier [1, 2, 3, 4]. Distributable income for Q2 climbed 25.6% to RM43.4 million compared with RM34.6 million in the corresponding period of 2025 [1, 2, 3]. The trust declared a distribution per unit (DPU) of 1.29 sen for Q2, contributing to a total 1H 2026 DPU of 2.65 sen, up 7.7% from 2.46 sen a year ago and payable in September [1, 2, 3, 4].
For the first half of 2026, CLMT's NPI increased 13.6% to RM157.8 million from RM138.8 million in 1H 2025, while gross revenue grew 6.1% to RM250.4 million from RM236.1 million [1, 2, 3, 4]. The trust maintained a strong portfolio occupancy rate of 94.4% as of mid-2026, supported by positive retail rental reversions that rose 11.6% in the same period [1, 2, 3].
Yong Su-Lin, CEO of CapitaLand Malaysia REIT Management, said, "CLMT delivered a strong performance in the first half of 2026, supported by resilient demand across its diversified portfolio and proactive asset management strategies. Despite a challenging macroeconomic environment, active leasing and tenant engagement efforts helped the real estate investment trust maintain a portfolio occupancy rate of 94.4% and achieve positive retail rental reversions. CLMT will continue to enhance its portfolio by expanding its lifestyle, grocery, and food and beverage offerings at selected malls to better meet changing consumer preferences. These initiatives refresh the retail experience for shoppers and are expected to drive higher footfall and improve tenant sales." [1, 2, 3, 4]
The manager credited the improved results to stronger operations in existing properties, new income streams from industrial and logistics assets acquired in 2025, and ongoing asset management efforts [1, 2, 3, 4]. Unitholders can choose to receive cash or reinvest their distributions under the distribution reinvestment plan elected for the first half of 2026 [1, 2].
CLMT’s units closed unchanged at 61 sen on July 27, 2026, ahead of the filing of these results [1, 2, 3]. The scheduled payment for the first half 2026 distributions is set for September 2026 [1, 2, 3, 4].
