CapitaLand China Trust's net property income for its 1QFY2026 was down 3.5% y-o-y to RMB282.4 million, with the absence of contribution from assets already divested. Excluding which, CLCT's NPI for the quarter was up 1.3% y-o-y.
Gross revenue, also because of the divestment of CapitaMall Yuhuating, was down 5.3% y-o-y to RMB416.4 million, and down 0.4% y-o-y if excluded.
The malls remaining in CLCT's portfolio saw its committed occupancy rate dip to 97% as of March from 97.2% as of last December. Rental reversion was down 2.1%.
The business parks portfolio, on the other hand, suffered lower rental reversion of 11.3% and the committed occupancy dropped from 86.7% as of last December to 86% as of March.
The logistics portfolio, meanwhile, enjoyed committed occupancy of 99%, a slight improvement from 98.1% in the preceding quarter of December 2025. However, rental reversion was down as well, by 1.4%.
CLCT's portfolio WALE remains stable at 2.5 years by NLA.
See also: CICT upsizes placement priced at $2.30 per unit to $750 million
CLCT units closed at 68 cents on April 22, down 1.45%.
