Financial InformationFinancial Highlights

  • Summary of CLCT Results
      1 July to 31 December 2025
    (2H 2025)1    		 1 July to 31 December 2024
    (2H 2024)    		 1 January to 31 December 2025
    (FY 2025)1    		 1 January to 31 December 2024
    (FY 2024)
      Actual
    $'000     		Actual
    $'000     		Actual
    $'000     		Actual
    $'000
    Gross Revenue 2 144,482 168,547 303,720 341,529
    Net Property Income 2 94,399 108,633 200,895 226,577
    Amount available for distribution to Unitholders 34,807 45,501 78,226 96,803
    Amount retained 3 (5,700) - (5,700) -
    Distributable amount to Unitholders 1 40,507 45,501 83,926 96,803
    Distribution Per Unit ("DPU") (cents) 4
    Before Distribution Top-up 2.00 2.64 4.49 5.65
    Distribution Top-up 3 0.33 - 0.33 -
    Total DPU 2.33 2.64 4.82 5.65
     
      2H 20251 2H 20242 FY 20251 FY 20242
      Actual
    RMB'000     		Actual
    RMB'000     		Actual
    RMB'000     		Actual
    RMB'000
    Gross Revenue 2 802,356 911,631 1,670,000 1,837,560
    Net Property Income 2 524,370 587,735 1,104,635 1,219,063

    Footnotes:

    1. The amount retained in 1H 2025 which relates to the contribution from CapitaMall Yuhuating for the period 1 April to 30 June 2025 was adjusted in 2H 2025 which is attributable to CLCR in accordance to its listing. FY 2025 includes the 1Q 2025 contribution of CapitaMall Yuhuating.
    2. Average exchange rate for SGD/RMB.
      2H 2025 2H 2024 Change % FY 2025 FY 2024 Change %
      5.555 5.410 (2.7) 5.499 5.380 (2.2)

    3. The amount is approximately the distribution income from CapitaMall Yuhuating, which would have been contributed from 1 April 2025 to 31 December 2025, proportionally adjusted based on its distribution income in 1Q 2025. It is drawn from past divestment gains from CLCT and will be funded through debt.
    4. The DPU is computed based on total issued units of 1,740.9 million and 1,720.4 million as at 31 December 2025 and 31 December 2024 respectively.
  • Statement of total return for the Group (2H 2025 vs 2H 2024 and FY 2025 vs FY 2024)
      Group
      2H 20251
    $'000     		2H 2024
    $'000     		Change
    %     		FY 20251
    $'000     		FY 2024
    $'000     		Change
    %
    Gross rental income 131,024 151,439 (13.5) 276,794 309,935 (10.7)
    Other income 2 13,458 17,108 (21.3) 26,926 31,594 (14.8)
    Gross revenue 144,482 168,547 (14.3) 303,720 341,529 (11.1)
    Property related tax (12,925) (15,067) (14.2) (27,577) (30,272) (8.9)
    Business tax (768) (1,001) (23.3) (1,598) (1,976) (19.1)
    Property management fees and reimbursables (8,578) (10,549) (18.7) (18,220) (21,424) (15.0)
    Other property operating expenses 3 (27,812) (33,297) (16.5) (55,430) (61,280) (9.5)
    Total property operating expenses (50,083) (59,914) (16.4) (102,825) (114,952) (10.5)
    Net property income 94,399 108,633 (13.1) 200,895 226,577 (11.3)
    Manager's management fees (8,497) (9,372) (9.3) (17,613) (19,164) (8.1)
    Trustee's fees (308) (321) (4.0) (619) (645) (4.0)
    Audit fees (295) (306) (3.6) (640) (635) 0.8
    Valuation fees (32) (68) (52.9) (99) (98) (1.0)
    Other operating (expenses)/income 5 (116) 440 N.M. (1,120) 116 N.M.
    Foreign exchange gain/(loss) - realised 6 779 (684) N.M. 2,055 1,003 N.M.
    Finance income 7 969 2,128 (54.5) 1,487 3,430 (56.6)
    Finance costs 8 (28,669) (32,533) (11.9) (60,076) (65,369) (8.1)
    Net finance costs (27,700) (30,405) (8.9) (58,589) (61,939) (5.4)
    Net Income 58,230 67,917 (14.3) 124,270 145,215 (14.4)
    (Loss)/gain on disposal of subsidiaries 9 (11,988) (26) N.M. (11,988) 7,309 N.M.
    Change in fair value of investment properties (50,507) (66,801) (24.4) (50,507) (89,733) (43.7)
    Change in fair value of financial derivatives (2,432) 9 N.M. (1,122) (403) N.M.
    Foreign exchange gain/(loss) - unrealised 313 (217) N.M. (73) (204) (64.2)
    Total return for the period/year before taxation (6,384) 882 N.M. 60,580 62,184 (2.6)
    Taxation 10 (26,543) (25,584) 3.7 (55,007) (66,121) (16.8)
    Total return for the period/year after taxation (32,927) (24,702) 33.3 5,573 (3,937) N.M.
    Attributable to:
    Unitholders (40,242) (29,512) 36.4 (9,938) (18,066) (45.0)
    Perpetual securities holders 2,779 1,701 63.4 4,453 3,384 31.6
    Non-controlling interests 11 4,536 3,109 45.9 11,058 10,745 2.9
    Total return for the period/year after taxation (32,927) (24,702) 33.3 5,573 (3,937) N.M.

    N.M. – not meaningful

    Footnotes:

    1. The amount retained in 1H 2025 which relates to the contribution from CapitaMall Yuhuating for the period 1 April to 30 June 2025 was adjusted in 2H 2025 which is attributable to CLCR in accordance to its listing. FY 2025 includes the 1Q 2025 contribution of CapitaMall Yuhuating.
    2. Other income comprises mainly income earned from atrium space, carpark revenue, trolley carts and advertisement panels.
    3. Includes items in the table below as part of the other property operating expenses.
      Group
      2H 2025
    $'000     		2H 2024
    $'000     		Change
    %     		FY 2025
    $'000     		FY 2024
    $'000     		Change
    %
    Depreciation and amortisation (293) (327) (10.4) (612) (709) (13.3)
    Impairment losses on trade receivables, net 4 (323) (27) N.M. (914) (37) N.M.
    Plant and equipment written off (33) (24) 37.5 (172) (51) N.M.

    N.M. – not meaningful

    1. Impairment losses mainly relate to tenants with higher and potential credit risk. Impairment losses in 2H 2025 and FY 2025 mainly relate to a Business Park serviced office tenant that pre-terminated at Singapore-Hangzhou Science and Technology Park Phase II.
    2. 2H 2024 and FY 2024 include reversal of over provision in other operating expenses.
    3. In FY 2025, realised foreign exchange gain arose mainly from the net settlement of foreign currency forwards. In FY 2024, realised foreign exchange gain arose mainly from the USD denominated sales proceeds received post 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 lower fixed deposit rates in China in FY 2025.
    5. FY 2024 includes interest expense on the lease liabilities under FRS 116.
    6. This relates to the loss arising from the divestment of CapitaMall Yuhuating in FY 2025 and gain arising from the divestment of CapitaMall Shuangjing in FY 2024. The loss on disposal of CapitaMall Yuhuating in 2025 was mainly due to the realisation of foreign exchange differences upon divestment, partially offset by the premium over the valuation as at 31 December 2024.
    7. FY 2025 includes withholding tax payment of $1.4 million relating to divestment of CapitaMall Yuhuating and under provision of tax expense from prior years of $0.2 million. FY 2024 includes withholding tax payment of $12.1 million relating to the divestment of CapitaMall Shuangjing and reversal of over provision of taxation from prior years of $1.2 million.
    8. 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.
BACK TO TOP