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KUALA LUMPUR (Jan 29): CapitaLand Malaysia Trust (KL:CLMT) reported a 12.4% year-on-year increase in its fourth-quarter net property income (NPI), driven by contributions from newly acquired industrial and logistics assets, and robust performance across its retail portfolio.
For the quarter ended Dec 31, 2025 (4QFY2025), NPI rose to RM81.5 million from RM72.49 million a year earlier, while gross revenue—comprising rental and car park income, and other revenue streams—grew 3.9% to RM124.61 million from RM119.98 million.
Distributable income jumped 20.1% to RM42.31 million from RM35.22 million, its filing with Bursa Malaysia on Wednesday showed.
CLMT declared a distribution per unit (DPU) of 1.27 sen for the quarter. This brings the total DPU for FY2025 to 4.84 sen, up 4.1% from 4.65 sen in FY2024.
“Unitholders can expect to receive a DPU of 1.91 sen for the period from Aug 7, 2025 to Dec 31 2025, payable by March 2026,” said CLMT. Earlier, the trust had paid a total of 2.93 sen per unit.
For the full year ended Dec 31, 2025, CLMT’s NPI rose 9.7% to RM289.44 million from RM263.93 million previously, while gross revenue grew 4.8% to RM476.76 million from RM454.76 million.
CapitaLand Malaysia REIT Management Sdn Bhd, the manager of CLMT, said 2025 was a milestone year for the trust, as it completed the acquisition of seven industrial and logistics properties in the Klang Valley and Johor valued at RM279 million. This represents its largest portfolio expansion since its investment mandate was broadened in 2021. These assets are expected to bolster earnings further in FY2026.
To top the year off, CLMT proposed a further RM220.8 million acquisition of five industrial properties in the Johor-Singapore Economic Zone in late December. Upon completion, the acquisition is expected to strengthen the trust’s presence in Johor, a fast-growing hub attracting global players across manufacturing, logistics, healthcare and financial services, said CapitaLand Malaysia REIT Management chief executive officer Yong Su-Lin.
“Our retail portfolio remains resilient with occupancy above 93% and all properties achieving positive rental reversions, reflecting our proactive leasing and asset management strategies. We have also enhanced customer experience with new lifestyle concepts such as Oh!Some at Gurney Plaza and Game On Theme Park at The Mines, alongside refreshed dining options at Queensbay Mall and 3 Damansara.
“There are also plans for The Mines to revitalise the canal area and transform the mall into a vibrant lifestyle hub. Looking ahead, we remain committed to delivering sustainable returns through portfolio optimisation, while continuing to pursue growth opportunities with financial discipline,” Yong said in a statement.
CLMT’s counter settled unchanged at 67 sen on Wednesday, valuing the trust at RM2.23 billion.
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