According to Zhitong Finance App News, Macalline (601828.SH) announced that in April 2024, the total rental rent and management fees for the company's own shopping malls fell month-on-month. Among them, the total contract agreement for rental rent and management fees for the company's own shopping malls in March and April 2024 was RMB 548 million and RMB 532 million, respectively. The decrease in April 2024 from the previous month was RMB 157.652 million, a decrease of 2.88%.
The main reason for this decline in rents is that some of their own shopping malls renewed their contracts at the end of March. Due to adjustments involving overall category plans, further negotiations with merchants on commercial terms are still ongoing, leading to a short-term phased decline in rental rates.