CapitaMall achieves FY distributable income of S$169m

CapitaMall Trust says its full year distributable income for 2006 amounted to more than S$169m.

This translates to a distribution per unit of 11.7 cents.

The distributable income for the three months to December is over S$52m or 3.4 cents per unit.

In the new financial year, CapitaMall Trust says it will continue to pursue yield accretive acquisitions.

It also says it’s on track to achieve the target asset size of S$7b by 2009.

The company is also upbeat about its growth prospects, given the average projected retail rental increase of 12 percent to 15 percent till 2010.

Source: Channel NewsAsia, 25 January 2007 

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