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CMT's distribution per unit up 0.4% for Q2

It is looking to reposition malls that are not doing well amid the challenging retail landscape

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Published Fri, Jul 21, 2017 · 09:50 PM

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    CapitaLand Mall Trust

    Singapore

    CAPITALAND Mall Trust (CMT) reported a 0.4 per cent rise in distribution per unit for the second quarter ended June 30 to 2.75 cents, notwithstanding a challenging retail landscape and the closure of Funan for redevelopment.

    Tony Tan, CEO of the Reit manager, said he sees a bumpy ride ahead in terms of rental performance, as the Reit is focused on getting the right tenants that will do well in this competitive environment rather than those that can pay the higher rents in the short term.

    CapitaLand

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