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CapitaLand Mall Trust grows DPU despite tough market conditions

Manager says it will continue to focus on sustaining payout going forward

Published Wed, Jan 24, 2018 · 09:50 PM

Singapore

SINGAPORE'S first and largest retail Reit has put on a brave face amid the tougher bricks-and-mortar market.

CapitaLand Mall Trust will pay out a fourth-quarter distribution per unit (DPU) of 2.9 Singapore cents on Feb 28, the manager announced on Wednesday.

This was up by 0.7 per cent on the previous year, and came on a distributable income of S$102.9 million for the three months to Dec 31, 2017.

Net property income was S$119.3 million, or 2.6 per c…

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