Gurney Plaza CapitaLand Malaysia Trust REITsWeek (Photo: REITsWeek)Gurney Plaza CapitaLand Malaysia Trust REITsWeek (Photo: REITsWeek)

Consumers are taking out their wallets more frequently at assets owned by CapitaLand Malaysia Trust (CLMT), but the REIT has yet to translate this to higher rents.

2Q 2022 data from the Malaysia-focused REIT indicate that shoppers spent more during the quarter than even before the pandemic.

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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.