CapitaLand Malaysia's net profit rises to RM47.02mil in Q3

KUALA LUMPUR: CapitaLand Malaysia Trust's net profit for Q3 2026 increased to RM47.02 million, up from RM34.69 million in the same period last year. Revenue grew to RM126.54 million, up from RM116.04 million, driven by higher rental income from positive reversion and step-ups at most of its properties, as well as contributions from industrial and logistics assets acquired in 2025, according to a Bursa Malaysia filing.

Property operating expenses rose marginally by RM200,000, or 0.4%, to RM47.1 million. The group attributes this to increased utilities expenses due to a change in automatic fuel adjustment (AFA) tariff and higher provision for doubtful debts. Net property income rose by 14.9% to RM79.4 million. Finance costs were 7.9% lower due to interest savings from medium-term notes refinancing and certain fixed rate loans being refinanced at lower rates.

For the nine months to September 30, 2026, net profit reached RM136.82 million, up from RM107.24 million, while revenue climbed to RM376.98 million, up from RM352.14 million. CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) CEO Yong Su-Lin stated that the company continued to deliver stable performance in Q3 2026, driven by healthy demand across its diversified portfolio despite a challenging macroeconomic backdrop.

The company remains focused on strengthening its portfolio to deliver sustainable income growth and enhance long-term returns. CapitaLand is a real estate investment trust with a market capitalization of about RM2.1 billion and total assets of RM5.6 billion as of September 30, 2026.