PETALING JAYA: Capitaland Malaysia Trust
posted a higher profit of RM45.81mil for the first quarter ended March 31, 2026, compared to the RM37.49mil recognised for the same quarter last year.
Revenue for the quarter under review was also higher at RM127.38mil compared to RM120.38mil a year ago.
In a filing with Bursa Malaysia, the real estate investment trust said the increase was due to higher revenue contributed by East Coast Mall and Sungei Wang Plaza as well as contribution from logistics and industrial assets acquired in 2025 namely, Synergy Logistics Hub, Senai Airport City Facilities and Iskandar Puteri Facilities.
Property operating expenses for the quarter were also lower by RM3.3mil at RM47mil, mainly due to lower utilities expenses and maintenance.
The group said it will adopt a prudent approach on capital expenditure requirements to minimise income disruption.
“On the inorganic front, we maintain a disciplined acquisition approach, focusing on yield-accretive opportunities, with financial discipline.”
