Retail recovery drives 1.2% YoY increase in CLCT's net property income in 9M23

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pstrongIn 9M23, the REIT recorded a net property income of RMB316.4m ($59.8m)./strong/p pCapitaLand China Trust (CLCT) recorded a 1.2% YoY higher revenue of 316.4m yuan in the first nine months of the financial year 2023 (9M23)./p pIn Singapore dollars, however, the REIT's net income fell by 8.4% YoY to $58.9m from $64.3m in 3Q22.

CapitaLand China Trust recorded a 1.2% YoY higher revenue of 316.4m yuan in the first nine months of the financial year 2023 .The REIT attributed the decline to the 10.5% YoY depreciation of RMB to SGD.

In the same period, the REIT recorded a 93.1% portfolio occupancy and a 30.2% YoY improvement in tenant sales....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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