CapitaLand China Trust, or CLCT, has a portfolio of nine shopping malls, five business park properties, and four logistics park properties in China. First and largest China-Focused S-REIT CapitaLand China Trust, or CLCT, has a portfolio of nine shopping malls, five business park properties, and four logistics park properties in China. This portfolio is spread out across 12 Chinese cities with a total gross floor area of approximately 1.8 million square metres. CLCT’s portfolio was worth around RMB 24 billion as of 31 December 2024. The retail portion makes up the bulk (70.7%) of gross rental income (GRI) for 2024. Business parks took up around a quarter (25.8%) of GRI while logistics park made up the remainder (3.5%). CLCT’s strategy is to build a balanced, multi-asset portfolio to tap into China’s domestic consumption growth and its innovation-driven economy through four key pillars. Impacted by weak economic environment in China With CLCT’s portfolio being concentrated in China, the REIT had to grapple with tough conditions in the past several years, both at the macroeconomic level and at the country level....