CapitaLand China Trust (AU8U) Corporate presentation summary

Portfolio profile

• China-focused S-REIT with S$4.6b total assets, ~1.7m sq m GFA and 7.7% trailing distribution yield as at 30 Sep 2026; retail, business parks and logistics parks account for 70.6%, 26.0% and 3.4% of GRI.

1H 2026 financial performance

• Gross revenue fell 5.2% YoY to RMB822.6m and NPI declined 3.3% to RMB561.0m; figures exclude CapitaMall Yuhuating, divested in Oct 2025.

• DPU was 2.45 S cents, down 1.6% YoY reported; on a same-store basis excluding Yuhuating’s 1H 2025 contribution, DPU rose 2.9% from 2.38 S cents.

• Same-store revenue declined 0.2% YoY while same-store NPI increased 1.3%; 3.5% same-store cost reduction and 16% YoY interest savings partly offset Yuhuating’s absence and weaker park performance.

Portfolio operations

• Occupancy was 97.3% in retail, 85.1% in business parks and 99.0% in logistics parks; corresponding 1H 2026 rental reversions were -2.7%, -12.0% and -1.2%.

• Retail shopper traffic rose 3.2% YoY and tenant sales increased 2.6%; excluding automobile sales, tenant sales rose 7.5%. Occupancy cost was 17.5%.

• Logistics rental reversion improved from -24.5% in FY 2025 to -1.2% in 1H 2026 after 18.2k sq m of executed leasing.

• Business parks secured ~102k sq m of renewals and new leases in 1H, equal to 14.3% of portfolio NLA, while prioritising tenant retention and pipeline conversion.