CMT Q3 DPU takes a tumble
CAPITALAND Mall Trust (CMT) posted a third-quarter distribution per unit of 2.78 Singapore cents, down 6.7 per cent from 2.98 Singapore cents in the preceding year, the group said in a Singapore Exchange filing on Friday evening.
Q3 distributable income slid 4.7 per cent to S$98.4 million from the preceding year.
For the three months ended Sept 30, gross revenue grew 4.9 per cent to S$169.7 million from the year-ago period. Net property income grew 5.5 per cent to S$119.5 million year-on-year.
CMT units closed a cent lower at S$2.11 on Friday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly