Financial InformationFinancial Highlights

  • Summary of CLCT Results
      1 January to 30 June 2025
    (1H 2025)    		 1 January to 30 June 2024
    (1H 2024)    		 Change
      Actual
    $'000     		Actual
    $'000     		%
    Gross Revenue 1 159,238 172,982 (7.9)
    Net Property Income 1,2 106,496 117,944 (9.7)
    Amount available for distribution to Unitholders 45,173 51,302 (11.9)
    Amount retained 3 (1,754) - N.M.
    Distributable amount to Unitholders 43,419 51,302 (15.4)
    Distribution Per Unit ("DPU") (cents) 4
    DPU before amount retained 2.59 3.01 (14.0)
    DPU after amount retained 2.49 3.01 (17.3)
     
      1H 2025 1H 2024 Change
      Actual
    RMB'000     		Actual
    RMB'000     		%
    Gross Revenue 1 867,644 925,929 (6.3)
    Net Property Income 1,2 580,265 631,328 (8.1)

    Footnotes:

    1. Average exchange rate for SGD/RMB.
      1H 2025 1H 2024 Change %
      5.449 5.353 1.8

    2. Based on the same exchange rate as 1H 2024, net property income for 1H 2025 in SGD terms would have been 8.1% lower than 1H 2024.
    3. The amount retained refers to the distribution contributed from CapitaMall Yuhuating from 1 April 2025 to 30 June 2025 (2Q 2025) attributable to CLCR assuming that the initial PRC valuation date pertaining to the divestment to CLCR is 31 March 2025. Please refer to the circular announced on 11 July 2025 in relation to the proposed participation by CLCT in the establishment and listing of CLCR, comprising the proposed divestment and the proposed subscription, as an interested person transaction. The 2Q 2025 contribution will be adjusted accordingly following the determination of the initial valuation date.
    4. The DPU is computed based on total issued units of 1,740.0 million and 1,704.4 million as at 30 June 2025 and 30 June 2024 respectively.
  • Statement of total return for the Group (1H 2025 vs 1H 2024)
      Group
      1H 2025
    $'000     		1H 2024
    $'000     		Change
    %
    Gross rental income 145,770 158,496 (8.0)
    Other income 1 13,468 14,486 (7.0)
    Gross revenue 159,238 172,982 (7.9)
    Property related tax (14,652) (15,205) (3.6)
    Business tax (830) (975) (14.9)
    Property management fees and reimbursables (9,642) (10,875) (11.3)
    Other property operating expenses 2 (27,618) (27,983) (1.3)
    Total property operating expenses (52,742) (55,038) (4.2)
    Net property income 106,496 117,944 (9.7)
    Manager's management fees (9,116) (9,792) (6.9)
    Trustee's fees (311) (324) (4.0)
    Audit fees (345) (329) 4.9
    Valuation fees (67) (30) N.M.
    Other trust operating income/(expenses) 4 (1,004) (324) N.M.
    Foreign exchange (loss)/gain - realised 5 1,276 1,687 (24.4)
    Finance income 6 518 1,302 (60.2)
    Finance costs 7 (31,407) (32,836) (4.4)
    Net finance costs (30,889) (31,534) (2.0)
    Net Income 66,040 77,298 (14.6)
    Gain on disposal of subsidiary 8 - 7,335 (100.0)
    Change in fair value of investment properties 9 - (22,932) (100.0)
    Change in fair value of financial derivatives 1,310 (412) N.M.
    Foreign exchange (loss)/gain - unrealised (386) 13 N.M.
    Total return for the period before taxation 66,964 61,302 9.2
    Taxation 10 (28,464) (40,537) (29.8)
    Total return for the period after taxation 38,500 20,765 85.4
    Attributable to:
    Unitholders 30,304 11,446 N.M.
    Perpetual securities holders 1,674 1,683 (0.5)
    Non-controlling interests 11 6,522 7,636 (14.6)
    Total return for the period after taxation 38,500 20,765 85.4

    N.M. – not meaningful

    Footnotes:

    1. Other income comprises mainly income earned from atrium space, carpark revenue, trolley carts and advertisement panels.
    2. Includes items in the table below as part of the other property operating expenses.
      Group
      1H 2025
    $'000     		1H 2024
    $'000     		Change
    %
    Depreciation and amortisation (319) (379) (15.8)
    Impairment losses on trade receivables, net 3 (591) (10) N.M.
    Plant and equipment written off (139) (27) N.M.

    N.M. – not meaningful

    1. Impairment losses mainly relate to tenants with higher and potential credit risk. Impairment losses in 1H 2025 mainly relate to a Business Park serviced office tenant that pre-terminated at Singapore-Hangzhou Science and Technology Park Phase II.
    2. 1H 2024 includes reversal of over provision in other operating expenses.
    3. In 1H 2025, realised foreign exchange gain arose mainly from the net settlement of foreign currency forwards. In 1H 2024, realised foreign exchange gain arose mainly from the USD denominated sales proceeds received from the divestment of CapitaMall Shuangjing and net settlement of foreign currency forwards.
    4. Finance income derives mainly from interest earned from deposits with banks. The decrease in finance income was mainly due to the absence of interest income from fixed deposit placement of CapitaMall Shuangjing proceeds which was received in 1H 2024 and lower fixed deposit rates in China in 1H 2025.
    5. 1H 2024 includes interest expense on the lease liabilities under FRS 116.
    6. This relates to the gain arising from the divestment of CapitaMall Shuangjing.
    7. The change in fair value for investment properties relates to the fair value adjustment based on current market and operating conditions to the logistics parks portfolio in 1H 2024.
    8. 1H 2025 includes under provision of tax expense from prior years of $0.2 million. 1H 2024 includes withholding tax payment of $12.1 million relating to the divestment of CapitaMall Shuangjing and over provision of tax expense from prior years of $1.2 million.
    9. This relates to 49% non-controlling interest (NCI) in Ascendas Xinsu Portfolio and 20% NCI in Ascendas Innovation Hub, Singapore-Hangzhou Science & Technology Park Phase I and Phase II.
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