CapitaLand Mall Trust's 2Q DPU up 1.1% to 2.74 cents

SINGAPORE (July 22): CapitaLand Mall Trust (CMT) on Friday reports distribution per unit (DPU) rose 1.1% to 2.74 cents compared to 2.71 cents in the same period last year.

2Q16 distributable income increased 3.3% to $97.1 million, on the back of higher gross revenue and net property income (NPI), which grew 7.1% and 6.0% respectively.

In an SGX filing before trading opened on Friday, CMT said this was mainly due to a contribution of $14.5 million to gross revenue from Bedok Mall which was acquired on 1 October 2015, and higher rental revenue achieved for IMM Building, Tampines Mall and Bukit Panjang Plaza after their asset enhancement initiatives.

---

Related Stories

• Soilbuild REIT removed from FTSE Singapore All Cap Index
• CapitaLand Integrated Commercial Trust is currently the biggest S-REIT 'at a bargain': DBS
• CapitaLand says it sees 'encouraging signs of recovery' in 3Q business update

---