CapitaLand Malaysia REIT Management Sdn. Bhd. net property income of RM56.8 million for the quarter ended 30 June 2023 (2Q 2023) is 51.8% higher than the RM37.4 million for the same period last year.
The group attributes the positive financial performance due to the first full quarter contribution from the newly acquired Queensbay Mall and higher rental income from the majority of CLMT’s retail properties. Distributable income for 2Q 2023 rose 32.7% year-on-year to RM28.6 million and distribution per unit (DPU) of 1.06 sen for the quarter was 6.0% higher than the same period last year. As CLMT’s DPU is paid out on a half yearly basis, Unitholders will receive a total DPU of 1.19
sen for the period from 10 March 20231 to 30 June 2023, payable by September 2023.
The Board of CMRM has elected to apply the Distribution Reinvestment Plan to the income distribution for 1H 2023. The dates of book closure and income distribution will be announced upon obtaining the necessary regulatory approvals.
On 20 June 2023, CLMT MTN Berhad, a wholly owned subsidiary of CLMT, issued RM300.0 million Unrated Medium Term Notes (MTN) – its fourth issuance under its MTN programme of up to RM3.0 billion. The proceeds from this issuance have been used to redeem an outstanding RM300.0 million 3.5-year Unrated MTN.
