CapitaLand Mall Trust posts 6.7% fall in 3Q DPU lower of 2.78 cents

SINGAPORE (Oct 21): CapitaLand Mall Trust (CMT) has declared a DPU of 2.78 cents for the 3Q16 ended Sept, a fall of 6.7% from 2.98 cents a year ago.

Net property income (NPI) increased 5.5% to $119.5 million from a year ago but distributable income fell 4.7% to $98.4 million as distributable income for 3Q15 included the release of $8 million taxable income retained in the period 1Q15.

Excluding this release, the distributable income for 3Q16 would have been 3.3% higher than 3Q15.

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