CapitaLand China Trust (AU8U) told investors at Citi’s Property and Financials Conference on Jun, 22 2026 that portfolio gross revenue for the three months ended Mar, 31 2026 fell 5.3 % year on year to 416.4 million renminbi, while net property income slipped 3.5 % to 282.4 million renminbi. The decline was mainly attributed to the absence of contribution from the divested CapitaMall Yuhuating and softer retail rents at several malls.

Retail assets, which generate 70.2 % of gross rental income, reported a 7.2 % revenue contraction, offset partly by asset-enhancement gains at CapitaMall Wangjing and CapitaMall Xuefu. Same-store retail revenue excluding the divested mall dipped 0.5 %. First-quarter portfolio occupancy stood at 97.0 % for retail, 86.0 % for business parks and 99.0 % for logistics parks.

As at Dec, 31 2025 the Singapore-listed real estate investment trust held 1.7 million sq m of gross floor area across 17 properties with total assets of 4.5 billion Singapore dollars and a market capitalisation of 1.1 billion Singapore dollars. Based on a FY 2025 distribution per unit of 4.82 Singapore cents and a unit price of S$0.645 on May, 29 2026, the trust offered a 7.5 % distribution yield.

Gearing was 41.4 % at Mar, 31 2026. Average cost of debt narrowed to 3.10 % from 3.51 % a year earlier, with an interest-coverage ratio of 2.9 x and an average debt maturity of 3.2 years. About 65 % of borrowings are fixed-rate and 59 % are denominated in renminbi, providing a natural currency hedge.

Management said priorities for 2026 include expanding the retail portfolio in Tier-1 and Tier-2 Chinese cities, recycling mature assets, pursuing asset-enhancement initiatives, and increasing access to renminbi funding to contain financing costs.