Mall operator CMMT expects CMCO to impact retail recovery

KUALA LUMPUR: CapitaLand Malaysia Mall Trust (CMMT) posted a 17.2%n drop in net property income (NPI) to of RM40.8mil for the quarter ended Sept 30.

The drop was mainly attributed to higher vacancies and the rental relief granted to Affected Tenants1 as they progressively resumed operations under Malaysia’s Recovery Movement Control Order (RMCO). its manager CapitaLand Malaysia Mall REIT Management Sdn. Bhd (CMRM) said in a statement today.