CLMT Posts Higher Net Profit Of RM43.99 Mln In 2Q

KUALA LUMPUR, July 27 (Bernama) -- Capitaland Malaysia Trust (CLMT) posted a higher net profit of RM43.99 million for the second quarter ended June 30, 2026 (2Q FY2026) from RM35.06 million in the same period last year.

In a Bursa Malaysia filing today, the real estate investment trust said revenue increased by 6.3 per cent to RM123.05 million in 2Q 2026 from RM115.73 million in 2Q 2025.

This was due to higher revenue recorded by most of the properties within the CLMT portfolio in 2025, namely Senai Airport City Facilities, Synergy Logistics Hub and Iskandar Puteri Facilities.

For the six months ended June 30, 2026 (6MFY2026), CLMT's net profit rose to RM89.80 million compared with RM72.55 million in 6MFY2025.

Revenue was also higher by 6.1 per cent to RM250.43 million versus RM236.10 million in the same period last year. 

The increase was mainly due to higher revenue recorded by most of the properties within the CLMT portfolio as a result of positive rental reversions, rental step-up and the contribution from industrial and logistics assets acquired in 2025, namely Senai Airport City Facilities, Synergy Logistics Hub and Iskandar Puteri Facilities. 

Meanwhile, net property income for the first half (1H) 2026 rose 13.6 per cent year-on-year (y-o-y) to RM157.8 million. 

The resilient performance was primarily driven by stronger performance from most of its existing properties and income recognition from the industrial and logistics acquisitions completed in 2025. 

CLMT also announced a distributable income of RM89.2 million for the Jan 1, 2026 to June 30, 2026 period, which is 24.1 per cent higher than the RM71.2 million recorded for the same period last year. 

Correspondingly, the distribution per unit grew 7.7 per cent y-o-y to 2.65 sen.   

"We continue to enhance the appeal and competitiveness of our portfolio to cater to evolving shopper preferences by strengthening a well-curated tenant mix with the expansion of lifestyle, grocery, and food and beverage offerings at selected malls. 

"These initiatives refresh the retail experience for shoppers and are expected to drive higher footfall and improve tenant sales," said CapitaLand Malaysia REIT Management Sdn Bhd chief executive officer Yong Su-Lin.

She said that while the global environment remains uncertain, CLMT would maintain a prudent approach to portfolio rejuvenation. 

"Anchored by disciplined capital management and a proactive growth strategy, we remain agile in capturing emerging opportunities to deliver sustainable returns to our unitholders," said Yong. 

As at June 30, 2026, CLMT’s retail occupancy remained stable at 93.2 per cent. Including its logistics and industrial properties, the overall portfolio occupancy stood at 94.4 per cent. 

CLMT’s retail portfolio achieved positive rental reversion of 11.6 per cent for 1H 2026. 

-- BERNAMA