CapitaLand Mall Trust's Funan. (Photo: REITsWeek)

CapitaLand Mall Trust’s (CMT’s) net property income (NPI) for FY2020 is expected to dampen by as much as 20%, given COVID-19-related operating difficulties.

On 29 September, CMT, and its office-focused sister REIT, CapitaLand Commercial Trust (CCT), received the nod from unitholders to merge and form the CapitaLand Integrated Commercial Trust (CICT).

Related: Unitholders approve formation of CapitaLand Integrated Commercial Trust

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.