CapitaLand Malaysia Trust reported a 6.3 per cent year-on-year rise in gross revenue to 123.1 million Singapore dollars for the quarter ended Jun, 30 2026, driven by higher rental rates, step-ups and initial contributions from logistics and industrial assets acquired in 2025.

Property operating expenses fell 2.7 per cent to 45.7 million Singapore dollars, mainly on lower utilities costs, lifting net property income 12.5 per cent to 77.4 million Singapore dollars. Finance costs declined 5.8 per cent to 23.7 million Singapore dollars following debt repayments, recent interest-rate refixings and the Overnight Policy Rate cut in Jul 2025.

Consequently, profit before tax increased 25.5 per cent to 44.0 million Singapore dollars, while distributable income rose 25.6 per cent to 43.4 million Singapore dollars. Earnings per unit after the manager’s fee improved to 1.31 Singapore cents from 1.20 Singapore cents a year earlier.

For the six months to Jun, 30 2026, gross revenue reached 250.4 million Singapore dollars, up 6.1 per cent year on year. Net property income expanded 13.6 per cent to 157.8 million Singapore dollars, and distributable income grew 24.1 per cent to 89.2 million Singapore dollars.

The trust will distribute its first-half income of 89.2 million Singapore dollars, translating to 2.65 Singapore cents per unit, of which 2.61 Singapore cents is taxable and 0.04 Singapore cents is non-taxable. The distribution reinvestment plan will apply to the entire payout; book-closure and payment dates will be announced after Bursa Malaysia approves the additional listing application.

As at Jun, 30 2026, total assets stood at 5.62 billion Singapore dollars, while total borrowings were 2.16 billion Singapore dollars, giving a fixed-to-floating debt ratio of 81 per cent to 19 per cent. Net asset value after the impending distribution was 3.14 billion Singapore dollars, or 0.9337 Singapore dollars per unit.

CLMT’s portfolio comprised 11 properties with a combined market value of 5.49 billion Singapore dollars, representing about 170 per cent of net asset value. The trust’s industrial and logistics segment, bolstered by acquisitions in 2025, contributed 7.8 million Singapore dollars to second-quarter revenue.

Looking ahead, management said it remains “cautiously optimistic” for 2026, citing Malaysia’s domestic demand, ongoing tourism initiatives and disciplined cost management as supportive factors.