CapitaLand China Trust said at Citi’s 2026 ASEAN Summit on Aug, 14 2026 that gross revenue for the six months ended Jun, 30 2026 fell 5.2 percent year on year to 822.6 million renminbi, while net property income slipped 3.3 percent to 561.0 million renminbi.

The Singapore-listed real estate investment trust will distribute 2.45 Singapore cents per unit for the period from Jan, 1 to Jun, 30, with the units trading ex-distribution on Aug, 13 2026, record date on Aug, 14 2026 and payment slated for Sep, 9 2026. On a same-store basis, the interim distribution per unit rose 2.9 percent from the prior-year period, the manager said.

As at Jun, 30 2026, CapitaLand China Trust’s portfolio totalled about 4.6 billion Singapore dollars in assets and comprised 1.7 million square metres of gross floor area. Retail properties contributed 70.6 percent of gross rental income, with committed occupancy at 97.3 percent; business parks and logistics parks posted occupancies of 85.1 percent and 99.0 percent respectively.

Aggregate leverage stood at 40.4 percent, the average cost of debt was 3.06 percent and the interest coverage ratio was 2.9 times. Approximately 71 percent of borrowings were on fixed rates, while 73 percent of debt was denominated in renminbi. The trust had an average debt maturity of three years and undrawn revolving facilities of 516 million Singapore dollars as at end-June.

The manager reiterated its 2026 strategy to expand retail exposure in China’s tier-one and tier-two cities, recycle mature assets, pursue asset enhancement initiatives and broaden access to onshore renminbi funding to lower financing costs.