Bursa-listed CapitaLand Malaysia Trust has seen its net property income (NPI) drop by over 50% y-o-y for its 3QFY2021 ended Sep 30. 

CLMT, which is owned by SGX-listed Capitaland Investment (CLI), reported an NPI of RM18.57 million ($5.99 million), 54.4% lower than the RM40.75 million figure in the same period last year. 

CLMT said in a Oct 21 release that this was mainly attributed to a lower gross rental income and higher rental relief for eligible tenants, which resulted from more frequent and extended movement controls during the period compared to the previous year. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook