Singapore-listed Retail REIT CapitaMall Trust (CMT) (SGX:C38U) has reported a distributable income of S$87.7 million for the period of 1 April 2013 to 30 June 2013 (2Q 2013). This is 10.2 percent higher than the S$79.6 million for the corresponding period in 2012.
|CapitaMall Trust is Singapore's premier Retail REIT with shopping malls in prime locations across the island.|
Distribution per unit (DPU) for the quarter stands ar 2.53 cents. This represents a 6.3 percent increase over the 2.38 cents for the same period in 2012. This brings CMT’s DPU for the period from 1 January 2013 to 30 June 2013 to 4.99 cents, exceeding the DPU of 4.68 cents for the corresponding period in 2012 by 6.6 percent.
CMT has attributed the better numbers to the completed asset enhancement works at JCube, Bugis+ and The Atrium@Orchard last year and rental rates achieved from the portfolio’s new and renewed leases.
Units of CMT are currently trading up about 1.5 percent from its previous close at S$2.03. Unit holders can expect to receive their 2Q 2013 DPU on 29 August 2013.