The NPI was boosted by retail contributions from increased ownership of Rock Square to 100% (from 51% previously), new contribution from CapitaMall Nuohemule, and recovery in the retail segment, including "normalisation of operating margin" and reductions in lease restructuring and arrears cases.
Capitaland China Trust (CLCT) has reported net property income (NPI) of RMB264.2 million ($54.94 million) in its 1QFY2021 ended March business update.
This represents around 80% of the RMB382.6 million NPI recorded for the 1HFY2020.
