Distributable income for the quarter amounted to RM20.5 million or 0.95 sen per unit, while revenue grew 19% to RM67.59 million from RM56.66 million a year earlier. CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) chairman Lui Chong Chee said CLMT’s result improved on the back of domestic consumption recovery as containment measures were eased. In particular, shopping malls that cater to tourists will receive a boost from the reopening of borders. CMRM CEO Tan Choon Siang said the trust’s NPI and distribution per unit (DPU) continued to see quarter-on-quarter improvements. “Coupled with the reopening of borders, we look forward to the return of tourists and increased footfall to CLMT malls.
