CapitaLand Malaysia Trust’s DPU grows 4.2% YoY in H1

Net property income also grew by 7.3% YoY.

CapitaLand Malaysia Trust's (CLMT) distribution per unit increased by 4.2% year on year during the first half of the year to $0.0075 (2.46 sen).

The company recorded an income of $20.7m (RM71.9m) for the period, 7.4% higher YoY.

Net property income (NPI) also grew by 7.3% YoY to $40m (RM138.8m), driven by higher revenue across most of its properties due to positive rental reversions.

Excluding a one-off compensation of $864,822 (RM3m) recorded in H1 2024 from the early termination of a lease contract, NPI for the period grew 9.8% YoY.

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