CapitaLand Mall Trust (CMT) is currently assessing several acquisition opportunities overseas, and in Singapore.

The retail focused REIT has also referred to Jewel Changi Airport as one of the properties that it is keen on.

These were some of the issues discussed at a briefing for analysts on 23 July, during which the REIT presented its performance for 2Q and 1H 2019.

For 2Q 2019, the REIT’s distributable income was SGD107.7 million, an increase of 7.7% over the SGD100.0 million achieved in 2Q 2018.

DPU was 2.92 cents, 3.9% higher than the 2.81 cents for 2Q 2018.

For 2Q 2019, CMT’s gross revenue and NPI rose 10.6% and 10.2% respectively year-on-year.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.