CapitaLand Mall Trust has recorded a distribution per unit of 2.90 Singapore cents for its 4Q 2017, a slight improvement of 0.7% over the 2.88 cents achieved in the corresponding period of 2016.

The REIT's Gross revenue and net property income (NPI) for the period improved by 1.8% and 2.6% to SGD169.3 million (USD128.5 million) and SGD119.3 million respectively, while distributable income was SGD102.9 million, 0.8% higher than 4Q 2016.

Subsequently, the retail landlord's DPU for FY 2017 came in at 11.16 cents, 0.3% higher than FY 2016.

Based on CapitaLand Mall Trust’s closing price of SGD2.050 per unit on 23 January 2018, the DPU represents an annualised distribution yield of 5.61%.

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