Kuala lumpur: CapitaLand Malaysia Trust (CLMT) is setting its sights on a significant increase in its assets under management, aiming for a 20 percent growth over the next three years. This ambitious target is a substantial rise from the current 7.9 percent under its industrial and logistics segment.
According to BERNAMA News Agency, CLMT manager CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) CEO Yong Su-Lin stated that this growth will be facilitated by the proposed acquisition of five industrial assets in Johor. These acquisitions are expected to elevate the assets under management to 11.5 percent by the first quarter of 2028 (1Q 2028). "These acquisitions will further strengthen our foothold in Johor, a fast-growing hub attracting global players in sectors such as manufacturing, logistics, healthcare, and financial services," Yong remarked during a virtual media briefing on CLMT's 4Q FY ended December 31, 2025.
The five properties, valued at RM220.8 million, are strategically located in the Johor-Singapore Economic Zone (JS-SEZ). Yong highlighted that 2025 marked a milestone year for CLMT with the completion of acquisitions of seven industrial and logistics properties in the Klang Valley and Johor, totaling RM279 million. This was the largest endeavor since CLMT expanded its investment mandate in 2021. Furthermore, these acquisitions are anticipated to positively impact CLMT's earnings in FY2026.
Yong expressed confidence in achieving the 20 percent growth target within the set timeframe, noting, "We believe we are making good progress and we hope to do more in this year and the coming years." She also expressed optimism for a more robust year for the retail segment, citing the Visit Malaysia Year as a potential catalyst.
Despite a slight dip in net profit to RM181.66 million for the financial year ended December 31, 2025, compared to RM187.16 million the previous year, CLMT's revenue rose to RM476.76 million from RM454.76 million. This increase was primarily driven by higher revenue from most properties in its portfolio due to positive rental reversions, rental step-up, and the commencement of rental income from various facilities.
As of December 31, 2025, CLMT's retail occupancy remained stable at 93.7 percent, with an overall portfolio occupancy of 94.9 percent, including logistics and industrial properties. The portfolio experienced positive rental reversions of 12.2 percent for FY2025. Additionally, its distributable income for the year was RM149.2 million, reflecting a rise of RM19.4 million or 14.9 percent, excluding the effect of a one-off compensation income.