CapitaLand China Trust Reports Growth in Net Property Income Driven by Retail Performance
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CapitaLand China Trust reports a 13.7% increase in net property income from its retail portfolio, driven by successful asset enhancements and a stable occupancy in logistics parks.
CapitaLand China Trust (CLCT) has reported a substantial boost to its retail portfolio, achieving a 13.7% increase in net property income across three malls following asset enhancement initiatives (AEIs). The financial year 2024 (FY 2024) saw CLCT's net property income (NPI) reach RMB1,219.1 million, despite experiencing a 5.8% decline in overall NPI due to reduced contributions from certain malls and business parks.
