China Resources Land posts RMB25.88 billion April sales; rental income climbs 11.3% YoY

Bulletin Express05-12 18:42

China Resources Land Limited reported a sharp rebound in contracted sales for April 2026, while recurring and rental revenues continued to register steady growth.

April operating highlights • Gross contracted sales reached RMB25.88 billion, up 49.60% year-on-year (YoY). • Contracted gross floor area (GFA) was largely stable at 0.59 million sq m, edging down 0.10% YoY.

Year-to-date performance (Jan–Apr 2026) • Cumulative gross contracted sales totaled RMB70.00 billion, a 2.20% YoY increase. • Cumulative contracted GFA declined 28.40% YoY to 1.84 million sq m, indicating higher average selling prices compared with the same period last year.

Recurring revenue momentum • April recurring revenue came in at RMB4.23 billion, up 7.00% YoY. – Within this, investment-property rental income contributed RMB2.85 billion, rising 11.30% YoY. • Cumulative recurring revenue for the first four months amounted to RMB17.57 billion, a 7.40% YoY gain. – Rental income over the same period totaled RMB12.00 billion, up 13.30% YoY.

Management notes that all figures are derived from internal records and may differ from future audited results.

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