CapitaLand Malaysia Trust (CLMT) saw a 52.6% year-on-year (y-o-y) increase in net property income to RM58.3mil for the third quarter ended Sept 30, 2023
The proposed acquisition of a freehold logistics warehouse situated in Shah Alam for RM39.7mil by CapitaLand Malaysia Trust (CLMT) is in line with the property investment trust’s growth strategy and diversification initiatives, although it will slightly raise its gearing level.