China Merchants Commercial REIT Interim Rental Income Falls 17.9% to RMB195.7 Million for 2025 Half-Year
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China Merchants Commercial Real Estate Investment Trust (CMC REIT) reported a 17.9% decline in interim rental income for 2025, totaling RMB195.7 million, down from RMB238.4 million in 2024. Property operating expenses decreased to RMB56.3 million. Notable changes in rental income included a 33.8% drop at New Times Plaza and a 50.6% decrease at Onward Science & Trade Center. Despite some properties showing growth, CMC REIT faces challenges such as declining office rental rates and rising vacancy rates, prompting adjustments in leasing strategies.
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