CapitaLabd announced a distributable income of RM89.2 million for the period 1 January 2026 to 30 June 2026 (1H 2026), 24.1% higher than the RM71.2 million recorded for the same period last year. Correspondingly, the distribution per unit (DPU) for 1H 2026 grew 7.7% year-on-year (y-o-y) to 2.65 sen.
Net property income (NPI) for 1H 2026 rose 13.6% y-o-y to RM157.8 million. The resilient performance was primarily driven by stronger performance from most of our existing properties and income recognition from the industrial and logistics acquisitions completed in 2025.
For the second quarter, profit rose to RM43 million compared to RM35 million achieved in the same period last year, revenue rose to RM123 million against RM115 million.
CLMT’s retail occupancy remained stable at 93.2%. Including its logistics and industrial properties, the overall portfolio occupancy stood at 94.4%.
The retail portfolio achieved positive rental reversion of 11.6% for 1H 2026. At The Mines, an asset enhancement initiative (AEI) is underway to upgrade spaces along the canal and introduce a vibrant marketplace on Level 1. Upon completion, it will feature a revitalised precinct with a curated mix of food and beverage offerings as well as improved shopper circulation.
