CapitaLand China Trust's (SGX:AU8U) net property income was down 5% year over year to 930.2 million yuan in the January to September period from 980.1 million yuan, according to a filing with the Singapore Exchange on Wednesday.
Gross revenue was down over 3% year over year to 1.38 billion yuan from 1.43 billion yuan in the year-ago period, mainly due to lower occupancy and rents from its logistics and business park portfolios.
Portfolio occupancy came in at 91.4% with tenant sales increasing 2.4% year over year.
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