Capitaland Integrtd Unit (CPAMF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Can you hear us? If you can, can you give us a thumbs up? Okay, great. So thank you for joining us today. We know it's an early start, and we appreciate you for dialing in on time. We have the management team with us here today. We have our CEO, Chun Xiang. of investment, Jacqueline, portfolio management, Yi-Chan, and there are teams here with us. We have Mei-Ping, Tammy, and myself. We have to keep things focused today, so we'll start off with key highlights by Chunxiang before moving on to the Q&A. With that, I will pass the time over to Chunxiang. Thank you, Alison. Good morning everybody. Thank you for joining us today. I know it's bright and early. Bright and early for me too. Feels like we've just spoken recently and here we are back again. Okay, today we just announced business updates for the first quarter 2026. So the numbers could be a little stale given that we have already spent some time talking about some of the transactions earlier and also obviously we have reported an advance distribution so some of you would have if you turn down your numbers from there as well. But nevertheless, let's go through some of the operating numbers, and then we will take some Q&A. But there are some exciting updates in this business update as well. We will walk through in the subsequent slides. Okay, so first quarter net property income, very healthy, 300 and close the quarter at 314 million, up 8%. But of course, this has a lot of, we're going through a lot of changes in our portfolio, so we need to dissect the numbers a little bit, but overall, a very healthy set of financial numbers as you would have been from our fund distribution anyway. Aggregate leverage 38.5%, down 0.1 percentage points from the end of 2025. Average cost of debt has come down quite significantly f...