CLMT's 3Q net property income increases 52.6%

PETALING JAYA: Capitaland Malaysia Trust (CLMT) saw a 52.6% year-on-year (y-o-y) increase in net property income to RM58.3mil for the third quarter ended Sept 30, 2023

Its manager CapitaLand Malaysia Real Estate Investment Trust Management Sdn Bhd said the trust’s strong performance was due to income contributions from Queensbay Mall and higher revenue contributions from its retail properties.