SUBSCRIBERS

CapitaLand Mall Trust raises Q2 DPU by 3.9% on higher Westgate contribution

CEO says Funan has encouraging opening; to contribute from H2 onwards

Vivienne Tay

Published Tue, Jul 23, 2019 · 09:50 PM

Singapore

CAPITALAND Mall Trust (CMT) raised its second-quarter distribution per unit (DPU) by 3.9 per cent on the back of full contribution from recently acquired Westgate mall.

DPU for the three months ended June 30 will be 2.92 Singapore cents, from 2.81 cents for the year-ago period, according to first-half financial results released by Singapore's largest mall owner on Tuesday.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes