CLCT's net property income for 3QFY2025 down 8.5% following divestment of mall to CLCR

Similarly, partly due to Yuhuating, gross revenue for CLCT in the same period was RMB416.6 million, down 8% y-o-y.

However, CLCT notes that its business park revenue was down 9.1% y-o-y because of lower occupancy at its Singapore-Hangzhou Science & Technology Park Phase II.

On the other hand, Shanghai Fengxian Logistics Park enjoyed a 13% y-o-y increase in revenue with better occupancy.

CLCT has lowered its gearing from 42.1% as of June 30 to 38.8% as of Sept 30.

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It is constantly undertaking asset enhancement initiatives, such as in CapitaMall Wangjing and CapitaMall Xuefu.

CLCT units closed at 82 cents on Oct 29, unchanged for the day but up 11.64% year to date.