Friday, April 20, 2012

Q1 distributable income up 4.6% for Capitamall Trust

Straits Times: Thu, Apr 19
CAPITAMALL Trust's (CMT) first-quarter distributable income rose 4.6 per cent to $76.6 million from a year earlier, in part driven by higher rental rates from new and renewed leases.


Distribution per unit for the three months ended March 31 was 2.3 cents, up 0.4 per cent from the corresponding period last year.


This works out to a distribution yield of 5.04 per cent, based on CMT's closing price of $1.835 per unit on Tuesday.


Net property income grew 2.5 per cent to $108.3 million while gross revenue for the quarter was $155.2 million, a 0.8 per cent increase...

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