CLMT posts higher distributable income of RM87.50mil for FY22

KUALA LUMPUR: CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Trust (CLMT), posted a higher distributable income of RM87.50 million for the financial year ended Dec 31, 2022 (FY2022) compared with RM39.03 million recorded in FY2021.

Net property income also rose by 47.9 per cent to RM152.51 million from RM103.14 million previously driven by high revenue contribution from most of CMLT’s properties amidst a continued recovery in retail sentiment, it said in a filing with Bursa Malaysia today.