CapitaLand Mall Trust NPI crashed 20.8% to $216.35m in H1

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No This was attributed to lower gross rental income arising from the rental waivers granted to tenants CapitaLand Mall Trust’s (CMT) net property income (NPI) dropped 20.8% YoY to $216.35m in H1 from $273.25m in 2019, an announcement revealed. Its revenue also fell 16.7% YoY to $318.39m over the same period. Distributable income plunged 48.7% YoY to $109.72m in H1 from $214m, whilst distribution per unit (DPU) crashed 49% YoY to $0.0296 from $0.058 in 2019. read more