Singapore – Feb, 05 2026 – CapitaLand China Trust (AU8U) reported a distributable income of 83.9 million Singapore dollars for FY 2025, leading to a distribution per unit (DPU) of 4.82 Singapore cents and an implied yield of 6.2%. Unitholders on record as at Feb, 13 2026 will receive a 2H 2025 DPU of 2.33 Singapore cents on Mar, 27 2026.

The trust’s FY 2025 gross revenue was 1.67 billion yuan, supported by a 5.0% year-on-year increase from its logistics parks. Net property income reached 1.10 billion yuan. Lower contributions from certain retail and business park assets and a weaker renminbi were partially offset by realised foreign-exchange gains and lower finance costs.

During the year CLCT divested CapitaMall Yuhuating to CapitaLand Commercial C-REIT at a premium to valuation and established a new capital-recycling vehicle via the C-REIT platform to support portfolio reconstitution. A one-off distribution top-up of 5.7 million Singapore dollars will offset income lost from the divestment.

Portfolio occupancy rose quarter-on-quarter, closing FY 2025 at 97.2% for retail assets, 86.7% for business parks and 98.1% for logistics parks. Retail footfall increased 2.7% year-on-year, while tenant sales were up 2.1%, led by strong growth in toys & hobbies, jewellery & watches, information & technology and food & beverage segments.

As at Dec, 31 2025, CLCT’s gearing stood at 40.7% with an interest-coverage ratio of 2.8 times. Average borrowing cost declined to 3.32% per annum, and 68% of total debt is fixed-rate. The trust refinanced 2026 Singapore-dollar loans with offshore renminbi debt, lifting the proportion of RMB-denominated borrowings to 60%.

CLCT’s portfolio was valued at 23.0 billion yuan, slightly lower year-on-year by 0.8%. Approximately 70% of assets are now green-certified following additional LEED Gold accreditations in 2025.

Management said it will continue to source for new investments and pursue further capital-recycling opportunities to enhance portfolio resilience and long-term returns.