Westgate consolidation, Funan reopening boost CMT Q3 revenue
But increase is partially offset by lower income from Lot One Shoppers' Mall mainly due to rejuvenation works
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Singapore
CAPITALAND Mall Trust (CMT) on Monday posted a distribution per unit (DPU) of 3.06 Singapore cents for its third quarter ended September 30, 2019, up from the 2.92 Singapore cents paid out a year ago.
Q3 gross revenue was S$201.1 million, an increase of 17.9 per cent from a year ago. The increase was mainly due to the completion of the acquisition of the balance 70 per cent interest in Westgate on Nov 1, 2018. With this, Westgate's contribution is now also consolidated at the group level.
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