Excludingrevaluations and impairments, CapitaLand said it made a net profit of S$124 million for the quarter.
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Excludingrevaluations profit was NZ$61 million, down 1.8 percent on last year's NZ$62.1 million.
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Kiwi Income's 2010 profit excludingrevaluations was NZ$61.1 million, flat on last year's NZ$61 million.
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Core profit, which excludesrevaluation gains, climbed to 3.5 billion yuan ($527.78 million) in the July-September quarter.
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Excludingrevaluations and impairments, CapitaLand's net profit for April-June increased 4.8 percent to S$179.5 million, it said.
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Excludingrevaluations and impairments, CapitaLand's net profit for October-December dropped 41 percent to S$221.9 million, it said.
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Its core profit, which excludesrevaluation gains and non-recurring items, came in at 78.32 billion yuan ($11.67 billion).
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Excludingrevaluations and impairments, the firm's net profit for October-December dropped 41 percent to S$221.9 million, it said.
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The company reported core profit, which excludesrevaluation gains, rose to 7.1 billion yuan ($1.07 billion) for the period.
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Larger rival CapitaLand reported a 27 percent rise in second quarter net profit excludingrevaluations and impairments to S$171.3 million.
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On Thursday, Sunac reported a 204 percent rise in January-June core profit, which excludesrevaluation gains, to 1.37 billion yuan due to wider profit margins.
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The nation's second-biggest home builder said core profit, which excludesrevaluation gains, rose to 20.9 billion yuan ($3.04 billion) from 17.6 billion yuan in 2015.
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Country Garden said its core profit, which excludedrevaluation gains and non-recurring items, rose 80 percent to 13 billion yuan ($1.9 billion), a record first-half.