CapLand China Trust's net real estate income in the first quarter decreased by 3.5% year-on-year | Lianhe Zaobao
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CapLand China Trust's net real estate income for the first quarter was RMB 282.4 million, a year-on-year decrease of 3.5%. Total revenue was RMB 416.4 million, a year-on-year decline of 5.3%. Retail asset income decreased by 7.2%, mainly due to the divestment of CapLand Plaza·Yuhua Pavilion, which no longer contributes revenue. The occupancy rate of the trust's retail assets was 97%, the occupancy rate of commercial parks was 86%, and the occupancy rate of logistics parks was 99%
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