CapitaLand China Trust told investors at the J.P. Morgan ASEAN Real Assets Forum on Jun, 30 2026 that gross revenue for the three months ended Mar, 31 2026 fell 5.3 % year-on-year to RMB 299.0 million, while net property income slipped 3.5 % to RMB 199.8 million.
Management said the drop was mainly due to the absence of contributions from CapitaMall Yuhuating, which was divested in 2025; on a like-for-like basis retail revenue eased 0.5 %. Retail portfolio occupancy stood at 97.0 %, business parks at 86.0 % and logistics parks at 99.0 %.
As at Mar, 31 2026 the Singapore-listed real estate investment trust reported total assets of 4.5 billion Singapore dollars, a market capitalisation of 1.1 billion Singapore dollars and aggregate leverage of 41.4 %. Average cost of debt declined to 3.10 %, with an interest-coverage ratio of 2.9× and 65 % of borrowings fixed or hedged.
Based on a FY 2025 distribution per unit of 4.82 Singapore cents and a unit price of S$0.645 on Jun, 25 2026, the trust’s distribution yield stood at 7.5 %.
CapitaLand China Trust reiterated its strategy to expand in tier-one and tier-two Chinese cities, recycle capital through divestments such as CapitaMall Yuhuating—sold at about a 4 % premium to its 2024 book value—and pursue asset enhancement and acquisition opportunities while maintaining prudent capital management.