CMT's Q3 DPU rises 6.2%

CAPITAMALL Trust (CMT) reported a distribution per unit (DPU) of 2.72 Singapore cents for the third quarter ending Sept 30, 2014 - a 6.2 per cent increase year on year.

Distributable income for the quarter rose 5.6 per cent to S$93.7 million, while net property income grew 3.3 per cent to S$114.1 million.

For the nine-month period, DPU was 5.7 per cent higher year on year at 7.98 Singapore cents. Distributable income was also up 5.5 per cent to S$276.2 million.

Based on Friday's closing unit price of S$1.915, the annualised distribution yield stood at 5.63 per cent for the quarter and 5.57 per cent for the nine-month period.