CapitaMall Trust Q4 DPU rises 15.3%

THE retail scene is changing with some retailers choosing smaller units in a bid to control headcount and rental costs, CapitaMall Trust (CMT) said yesterday as it unveiled higher fourth-quarter payout for its unit-holders.

For the three months ended Dec 31, 2013, distribution per unit (DPU) rose 15.3 per cent year on year, from 2.36 cents to 2.72 cents, payable on Feb 28. The annualised distribution yield is 5.74 per cent based on CMT's closing price of $1.88 per unit on Tuesday.

This was on the back of distributable income rising 18.3 per cent to $94.4 million, said the real estate investment trust (Reit), Singapore's oldest and largest by asset size.