CapitaLand Mall Trust's Q1 DPU flat, revenue dips on Funan mall closure
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
CAPITALAND Mall Trust on Thursday announced a distribution per unit (DPU) of 2.73 Singapore cents for its first quarter ended March 31, 2017, unchanged from a year ago.
Unitholders will receive their DPU on May 29. The books closure date is April 28.
Gross revenue for the first quarter was S$172 million, a decline of S$7.8 million or 4.3 per cent from a year ago, mainly due to the closure of Funan, as the mall ceased operations for redevelopment from July 2016.
Net property income was S$120.1 million, 6.1 per cent lower than S$127.9 million in the corresponding year-ago quarter, mainly due to lower gross revenue.
The counter closed one Singapore cent lower at S$2.01 on Thursday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
