CapitaLand Malaysia Trust distributable income jumps 22.7% in 1Q 2026

SGX Filings04-22 18:16

CapitaLand Malaysia Trust reported that distributable income for the quarter ended Mar, 31 2026 rose 22.7% year on year to about 13.3 million Singapore dollars, lifting distribution per unit to 1.36 sen from 1.28 sen.

Gross revenue grew 5.8% to roughly 36.9 million Singapore dollars, while net property income increased 14.7% to around 23.3 million Singapore dollars. Management attributed the gains to seven industrial and logistics assets acquired in 2025 and stronger performance at retail properties, notably East Coast Mall, alongside controlled financing costs.

As at Mar, 31 2026, overall portfolio occupancy stood at 94.7%, with retail assets at 93.5%. The retail portfolio achieved a 12.4% positive rental reversion, while shopper traffic rose 7.1% and tenant sales per square foot edged up 0.4% year on year.

The REIT’s gearing ratio was 39.3% and average cost of debt 4.24%, with 72% of borrowings on fixed rates and an average debt tenor of 4.4 years.

On sustainability, Gurney Plaza obtained Green Mark GoldPLUS certification in Jan, 2026, bringing the proportion of green-certified assets in the portfolio to about 68% by gross floor area.

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