CapitaLand China Trust's (SGX:AU8U) net property income dropped 8.5% during the third quarter to 273.5 million yuan from 298.9 million yuan a year earlier, according to a Thursday filing with the Singapore Exchange.
Gross revenue fell 8% year over year to 416.6 million yuan from 452.8 million yuan, mainly due to the absence of contribution from CapitaMall Yuhating and lower rents, along with lower occupancy.
Shares of the trust were down over 1% in Thursday trading.
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