CapitaLand sees increase in NPI

CLMT said the rise in NPI was mainly due to contributions from Queensbay Mall.

PETALING JAYA: Capitaland Malaysia Trust (CLMT) achieved a 24% year-on-year (y-o-y) growth in net property income (NPI) to RM191.4mil for the nine months ended September, translating to a 15.1% increase in distribution per unit to 3.43 sen.

The investment manager’s distributable income for the period also also grew 26.6% y-o-y to RM97.6mil.