CLMT’s income at RM33.2mil

PETALING JAYA: Capitaland Malaysia Trust (CLMT) posted a net property income (NPI) of RM33.2mil for the fourth quarter ended Dec 31, 2021 (Q4’FY21), compared with RM34mil for the corresponding period in 2020.

Its Q4’FY21 distributable income was RM17.7mil, and distribution per unit (DPU) was 0.83 sen.

For the full year, CLMT registered an NPI of RM103.1mil for FY21, which was 22.7% lower compared to FY20, due mainly to lower gross revenue, which was impacted by lower occupancy and negative rental reversions.

DPU for FY21 was 1.84 sen. As at end-December 2021, independent valuers appraised CLMT’s investment properties at RM3.8bil, a marginal decrease from RM3.9bil a year ago.