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CCT still eyes positive rental reversions

Q2 DPU inches up 0.5% on the back of higher rents, occupancies

Published Fri, Jul 24, 2015 · 09:50 PM
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Singapore

CAPITALAND Commercial Trust (CCT) is still expecting positive rental reversions ahead, after reporting a 0.5 per cent year-on- year rise in distribution per unit (DPU) for the second quarter ended June 30 to 2.19 Singapore cents.

Net property income grew 3.6 per cent to S$53.9 million, thanks to higher rents and occupancies achieved for its properties.

CCT's portfolio occupancy rate grew to 98 per cent in the second quarter from 97 per cent in t…

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