Singapore REIT CapitaLand China Trust (CLCT) has released its first quarter business updates, which reflect an overall decline in net property income.
For the quarter ended 31 March 2025, CLCT maintained high occupancy rates across its portfolio with retail occupancy at 97.7% and logistics parks reaching 95.7%.
The REIT achieved a positive rental reversion of 0.5% in its retail segment, primarily driven by strong performance at CapitaMall Xizhimen and CapitaMall Xuefu.
Related: CapitaLand Investment seeks to launch retail REIT in China
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