The lower income of the shopping mall-focused real estate investment trust was mainly attributed to higher vacancies and the rental relief granted to affected tenants as they progressively resumed operations under recovery movement control order (RMCO)
PETALING JAYA: CapitaLand Malaysia Mall Trust’s (CMMT) net property income (NPI) fell 17.2% to RM40.8mil for the third quarter ended Sept 30,2020, from RM49.2mil in the corresponding quarter last year.
The lower income of the shopping mall-focused real estate investment trust was mainly attributed to higher vacancies and the rental relief granted to affected tenants as they progressively resumed operations under recovery movement control order (RMCO).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
