CapitaLand China Trust Shows Resilient Earnings

CapitaLand Investment Limited (SG:9CI) has released an update.

CapitaLand China Trust (CLCT) has reported a slight decrease in net property income year-over-year for the first half of 2024, primarily affected by lower earnings from logistics and business parks, though this was partially offset by stronger retail performance. Despite a challenging business climate, proactive management led to a small increase in distribution per unit (DPU) over the second half of 2023. High retail occupancy rates drove this success, especially in malls that had recently undergone enhancements, and the company’s targeted leasing strategy kept business park occupancy robust.

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