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CapitaMall Trust ups Q2 DPU after sale of Sembawang mall

Net property income 2.8 per cent higher at S$120.8m, on a 1.6 per cent rise in gross revenue to S$171.4m

Annabeth Leow

Published Fri, Jul 20, 2018 · 09:50 PM

Singapore

CAPITALAND Mall Trust is handing out a higher second-quarter distribution per unit (DPU), after the recent sale of Sembawang Shopping Centre.

DPU came in at 2.81 Singapore cents for the three months to June 30, or a 2.2 per cent increase over the same period the year before, the manager said on Friday. Net property income grew by 2.8 per cent to S$120.8 million, on a 1.6 per cent rise in gross revenue to S$171.4 million.

Tony Tan, chief executive of the manager, said in a statement that the real estate investment trust (Reit) "overca…

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