CapitaLand Malaysia Trust (CLMT) delivered solid earnings growth in the fourth quarter of FY2025, underpinned by fresh income contributions from newly acquired industrial and logistics assets and continued resilience across its retail portfolio.
For the quarter ended Dec 31, 2025, the trust recorded net property income (NPI) of RM81.5 million, representing a 12.4% increase year-on-year. Gross revenue rose 3.9% to RM124.61 million, supported by stable rental collections, car park income and other ancillary revenue streams.
Distributable income climbed sharply by 20.1% to RM42.31 million, reflecting stronger operational performance and improved portfolio scale following recent acquisitions.
CLMT declared a quarterly distribution per unit (DPU) of 1.27 sen, bringing its total FY2025 DPU to 4.84 sen, up from 4.65 sen a year earlier. Unitholders are scheduled to receive 1.91 sen per unit for the period from Aug 7 to Dec 31, 2025, with payment expected by March 2026, following earlier distributions totalling 2.93 sen.
For the full financial year, CLMT’s NPI increased 9.7% to RM289.44 million, while gross revenue expanded 4.8% to RM476.76 million, highlighting the trust’s growing earnings base.
According to CapitaLand Malaysia REIT Management Sdn Bhd, 2025 marked a transformational year for CLMT following the acquisition of seven industrial and logistics properties across the Klang Valley and Johor, valued at RM279 million. This represents the trust’s largest expansion since its investment mandate was widened in 2021 and positions it strongly within Malaysia’s key industrial corridors.
The newly acquired assets are expected to contribute meaningfully to earnings in FY2026, reinforcing demand for industrial land in Selangor and modern logistics facilities serving manufacturing and distribution operators.
Further strengthening its industrial footprint, CLMT also announced a proposed RM220.8 million acquisition of five industrial properties within the Johor–Singapore Economic Zone. Upon completion, the deal is expected to enhance the trust’s exposure to a high-growth region attracting multinational firms across manufacturing, logistics, healthcare and financial services.
Despite its growing industrial exposure, CLMT’s retail assets continued to perform well, maintaining occupancy levels above 93% and achieving positive rental reversions across all properties. Ongoing asset enhancement initiatives and refreshed tenant mixes have helped support consistent footfall and shopper engagement.
New lifestyle concepts and experiential offerings have been introduced at several malls, while future plans include repositioning select assets into more vibrant lifestyle destinations.
CLMT’s expansion strategy highlights sustained confidence in Malaysia’s industrial and commercial real estate sectors. Areas such as industrial property in the Subang area, factory developments in Puchong, and integrated business hubs supporting commercial property in KL are expected to continue benefiting from logistics-driven demand.
At the same time, well-located business districts offering quality office space in Bukit Jalil remain attractive to occupiers seeking connectivity and modern infrastructure.
CLMT’s units closed unchanged at 67 sen, giving the trust a market capitalisation of RM2.23 billion.
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