CMLT To Raise Assets Under Management By 20 Pct In Three Years

KUALA LUMPUR, Jan 28 (Bernama) -- CapitaLand Malaysia Trust (CMLT) aims to increase its assets under management by 20 per cent in three years from the current 7.9 per cent under its industrial and logistics segment.

CMLT manager CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) chief executive officer Yong Su-Lin said the increase will be supported with the proposed acquisition of five industrial assets in Johor, collectively to reach 11.5 per cent in the first quarter of 2028 (1Q 2028).

“These acquisitions will further strengthen our foothold in Johor, a fast-growing hub attracting global players in sectors such as manufacturing, logistics, healthcare, and financial services," Yong said in a media briefing on CMLT's 4Q FY ended Dec 31, 2025 held virtually today.

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The five properties, worth RM220.8 million, are located in  the Johor-Singapore Economic Zone (JS-SEZ).

Yong said 2025 was a milestone for CLMT when it completed acquiring seven industrial and logistics properties in the Klang Valley and Johor, valued at RM279 million. It was the largest undertaking since it expanded its investment mandate in 2021.

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Yong said these acquisitions are expected to contribute positively to CLMT’s earnings in FY2026.

"In three years, we would like to achieve that 20 per cent mark. We believe we are making good progress and we hope to do more in this year and the coming years. 

"We are quite optimistic about a more robust year for the retail segment in view that it is a Visit Malaysia Year. We do have key outstation assets, or even client value assets that are positioned to capture that market,” she added. 

CMLT's net profit eased to RM181.66 million in financial year ended Dec 31 2025 versus RM187.16 million a year ago.

Revenue increased to RM476.76 million from RM454.76 million, mainly due to higher revenue recorded by most of the properties within its portfolio due to positive rental reversions, rental step-up and the commencement of rental income recognition from Glenmarie Distribution Centre, Senai Airport city facilities, Synergy Logistic Hub and Iskandar Puteri facilities.

As at Dec 31, 2025, CLMT’s retail occupancy remained stable at 93.7 per cent. Its overall portfolio occupancy stood at 94.9 per cent including its logistics and industrial properties. Its portfolio saw positive rental reversions of 12.2 per cent for FY2025. 

Its distributable income for FY2025 was RM149.2 million. Excluding the effect of a one-off compensation income, distributable income rose by RM19.4 million or 14.9 per cent versus a year ago.

-- BERNAMA