CapitaLand likely to post strong set of results in 3Q

ODENSE: Professional shuttler Lee Zii Jia has withdrawn from the Denmark Open starting Tuesday (Oct 15).

is expected to deliver a positive performance in its upcoming financial results for the third quarter of the financial year 2024 , underpinned by resilient occupancy rates and higher base rents.

“The mall, which houses around 210 tenants within the total net lettable area of 467,953 sq ft, has consistently maintained a strong occupancy rate of 97% to 99% over the last five years. Moreover, CGSI Research said ECM has had a healthy tenant mix throughout the years, and the management introduced new and trendy brands such as Boat Noodles, Jonny’s, Christy Ng, Garmin, etc over the last two quarters.

“Additionally, management highlighted during the visit that ECM saw an average rental reversion of 10% to 11% as of June 2024, slightly higher than the former Klang Valley average of 9%.

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staronline /  🏆 4. in MY

Capitaland Malaysia Trust East Coast Mall

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