CMT Q3 DPU takes a tumble

CAPITALAND Mall Trust (CMT) posted a third-quarter distribution per unit of 2.78 Singapore cents, down 6.7 per cent from 2.98 Singapore cents in the preceding year, the group said in a Singapore Exchange filing on Friday evening.

Q3 distributable income slid 4.7 per cent to S$98.4 million from the preceding year.

For the three months ended Sept 30, gross revenue grew 4.9 per cent to S$169.7 million from the year-ago period. Net property income grew 5.5 per cent to S$119.5 million year-on-year.

CMT units closed a cent lower at S$2.11 on Friday.