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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

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The increase in quarterly net property income was mainly due to higher occupancy for Bugis Junction and The Atrium@Orchard (above). CapitaLand Mall Trust has a portfolio of 16 shopping centres here, including IMM Building, Plaza Singapore, and a 40 per cent stake in Raffles City.

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...

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