CMT's Q3 DPU rises 5.8%, lifted by revamps, higher rentals

Distributable income up 9.7% to $88.8m, net property income up 12.9%

Published Wed, Oct 23, 2013 · 10:00 PM
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CAPITAMALL Trust (CMT) saw a 5.8 per cent year-on- year rise in distribution per unit (DPU) to 2.56 cents from 2.42 cents for its third quarter, boosted by contributions from revamped malls and higher rentals from new and renewed leases.

Distributable income for the period ended Sept 30, 2013, rose 9.7 per cent to $88.8 million, while net property income jumped 12.9 per cent to $126.5 million.

Gross revenue increased 9.1 per cent to $182.4 million. A large contributor to the $15.2 million rise in gross revenue was The Atrium@Orchard, which alone accounted for an $8.3 million increase after asset enhancement works for the mall were completed in October last year.

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