KUALA LUMPUR: Capitaland Malaysia Mall Trust
(CMMT) said almost all of its tenants has resumed business, but warned that the operating environment remained challenging in the near term.
“Whilst there has been a gradual return in shopper footfall, the recovery of Malaysia’s retail sector is still uncertain as consumer sentiment remains cautious," CapitaLand Malaysia Mall REIT Management Sdn Bhd's (CMRM) chairman David Wong said in a statement today.
CMRM is the manager of CMMT.
"We will continue to monitor the situation closely and remain committed to ride out this difficult period with our tenants," he said.
"Our focus is on stabilising the portfolio through proactive asset and lease management to build greater resilience in CMMT’s retail ecosystem, in line with the long-term interest of unitholders.”
Net profit at CMMT was almost wiped out in the second quarter ended June 30 to RM192,000 compared with RM10.15mil posted a year ago.
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