Funan mall reopening helps lift CapitaLand Mall Trust's Q4 DPU by 4%
Ng Ren Jye
Singapore
CAPITALAND Mall Trust (CMT) posted a higher distribution per unit (DPU) for the fourth quarter following the completion of its acquisition of a remaining 70 per cent interest in West-gate and the opening of its redeveloped Funan mall.
DPU for its fourth quarter ended Dec 31 was 3.11 Singapore cents, up 4 per cent from 2.99 cents a year ago, according to its bourse filing on Wednesday.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore