CapitaLand China Trust net property income falls 6.6% in Q1

Despite this, the group’s retail sector maintained high occupancy of 97.7%

CapitaLand China Trust’s net property income decreased by 6.6% year-on-year, attributed to lower gross revenue, during the first quarter of the year.

Despite this, the group’s retail sector maintained a high occupancy of 97.7%. The company achieved positive rental reversion of 0.5%, boosted by CapitaMall Xizhimen and CapitaMall Xuefu, and ongoing asset enhancement initiatives.

The business and logistics parks segment also maintained stable occupancies at 83.7% and 95.7%, respectively.

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