CMMT’s net property income soars


For the first six months to June 2021, CMMT’s NPI stood at RM51.3mil, 12.6% lower than the RM58.7mil achieved for the corresponding period last year. This was mainly attributed to lower gross rental income.

PETALING JAYA: Capitaland Malaysia Mall Trust (CMMT) saw its a net property income (NPI) increase 36.5% to RM26.4mil for the second quarter ended June 30, 2021, from RM19.4mil in the corresponding period last year.

During the quarter in review, revenue rose 5.7% to RM52.7mil from RM49.9mil previously.

For the first six months to June 2021, CMMT’s NPI stood at RM51.3mil, 12.6% lower than the RM58.7mil achieved for the corresponding period last year.

This was mainly attributed to lower gross rental income, which was affected by negative rental reversions.

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