CMT's Q3 DPU rises 5.8%, lifted by revamps, higher rentals
Distributable income up 9.7% to $88.8m, net property income up 12.9%
CAPITAMALL Trust (CMT) saw a 5.8 per cent year-on- year rise in distribution per unit (DPU) to 2.56 cents from 2.42 cents for its third quarter, boosted by contributions from revamped malls and higher rentals from new and renewed leases.
Distributable income for the period ended Sept 30, 2013, rose 9.7 per cent to $88.8 million, while net property income jumped 12.9 per cent to $126.5 million.
Gross revenue increased 9.1 per cent to $182.4 million. A large contributor to the $15.2 million rise in gross revenue was The Atrium@Orchard, which alone accounted for an $8.3 million increase after asset enhancement works for the mall were completed in October last year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone