CapitaLand Malaysia Trust has achieved a 15.1% increase in distribution per unit (DPU) to 3.43 sen for the first nine months of 2024 (9M24) compared to 9M23.
For 9M24, CapitaLand Malaysia's distributable income and net property income grew 26.6% year-on-year (YoY) to RM97.6 million and 24% YoY to RM191.4 million respectively.
The growth is attributed to the contributions from Queensbay Mall which was acquired in March 2023 as well as better performances from CapitaLand Malaysia's retail portfolio and Valdor Logistics Hub.
CapitaLand Malaysia's strong financial performance is supported by its proactive portfolio management, and prudent capital and cost management.