CLMT’s Elmina property acquisition a positive

TA Research viewed the acquisition positively as it aligns with CLMT’s growth strategy and diversification efforts.

PETALING JAYA: Analysts are positive on Capitaland Malaysia Trust’s (CLMT) recent acquisition of an industrial property in Elmina Business Park, Sungai Buloh for RM180mil, as it will enhance its yield and provide it with a stable income.

“Given the current trend of yield compression in the industrial space, we are positive on the acquisition which is able to offer 6.7% yield, underpinned by a term of 10-year lease that allows the group to see long-term stable income,” Kenanga Investment Bank Research said.