CLMT sees 11.5% jump in 3Q net property income, announces 1.11 sen distribution per unit

• The trust announced a distribution per unit of 1.11 sen for the quarter, raising its DPU to 3.57 sen for the first nine months of the year, 4.1% more than the 3.43 sen it declared in the same period last year.

KUALA LUMPUR (Oct 22): CapitaLand Malaysia Trust (KL:CLMT) on Wednesday (Oct 22) announced an increase in its third-quarter revenue and net property income, largely due to rental growth at most of its properties and the commencement of income from its newly acquired Glenmarie Distribution Centre.

The group recorded an NPI of RM69.10 million for the third quarter ended Sept 30, 2025 (3QFY2025), up 11.5% from RM61.99 million in 3QFY2024. Gross revenue—comprising gross rental income, car park income and other revenue—rose 6% to RM116.04 million from RM109.24 million.

Distributable income rose 14% to RM35.05 million, from RM30.73 million, CLMT's bourse filing on Wednesday showed.

The trust announced a distribution per unit of 1.11 sen for the quarter, raising its DPU to 3.57 sen for the first nine months of the year, 4.1% more than the 3.43 sen it declared in the same period last year.

CLMT has on Aug 19 paid an advanced income distribution of RM13.7 million or 0.47 sen per unit for July 1 to Aug 6, 2025, prior to a private placement exercise. This means the remaining DPU to be received amounts to 0.64 sen per unit. CLMT’s DPU is paid out on a half yearly basis, so unitholders can expect the payout by March 2026.

For the first nine months of FY2025 (9MFY2025), the group's NPI grew 8.6% to RM207.94 million from RM191.44 million in (9MFY2024), as gross revenue climbed 5.2% to RM352.14 million from RM334.78 million.

Distributable income for unitholders came to RM106.92 million, up 9.5% from RM97.62 million previously.

Excluding the impact of the one-off RM3 million compensation income resulting from the early termination of a lease contract in 2QFY2024, CLMT said its 9MFY2025's NPI would have increased by 10.3% from 9MFY2024 while DPU for the period would have climbed 13%.

Going forward, CLMT plans to continue its "proactive and targeted asset management approach" to strengthen its portfolio performance. The trust, which is revitalising certain parts of Gurney Plaza and 3 Damansara, expects these asset initiatives to enhance the value of its retail assets and refresh shoppers' experience.

As at Sept 30, 2025, the group had taken possession of the three newly acquired properties, namely Senai Airport City Facilities, Synergy Logistics Hub and Iskandar Puteri Facilities. These properties are expected to contribute positively to full quarter results and DPU from 1QFY2026 onwards, CLMT said.

CLMT's counter settled half a sen lower at 61.5 sen on Wednesday's close, giving the trust a market capitalisation of RM2.05 billion.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.