Singapore-listed retail REIT, CapitaLand Mall Trust (SGX:C38U), announced on 22 January that it has achieved a distribution per unit (DPU) of 2.88 Singapore cents for its 4Q 2015, an increase of 0.7% over the 2.86 cents for 4Q 2014.

DPU for FY 2015 was 11.25 cents, a 3.8% increase over the DPU of 10.84 cents for FY 2014. This came on the back of a distributable income of SGD101.9 million for its 4Q 2015, 2.8% higher than the SGD99.1 million for 4Q 2014.

Distributable income its FY 2015 was SGD392.0 million, a 4.4% increase over the distributable income of SGD375.3 million for FY 2014.

“For FY 2015, tenants’ sales per square foot and shopper traffic increased 5.3% and 4.9% respectively year-on-year. Portfolio occupancy remained high, registering 97.6% as at 31 December 2015”, said Wilson Tan, CEO of the REIT’s manager.

Based on the REIT’s closing price of SGD1.960 per unit on 21 January 2016, the distribution yield is 5.83% and unitholders can expect to receive their 4Q 2015 DPU on 29 February 2016.