CapitaMall Trust (CMT) posted a higher fourth-quarter distribution per unit (DPU) of 2.86 cents, up 5.1 per cent from the same quarter a year ago.
In a news release issued on Friday (Jan 23), CMT’s manager said that its distributable income for the same quarter ended Dec 31 rose 5 per cent on-year to S$99.1 million. This brings CMT’s DPU for the full year to 10.84 cents, a 5.6 per cent increase over the DPU of 10.27 cents for 2013.
CMT Management CEO Wilson Tan said in a statement that CMT’s “portfolio of malls continued to enjoy high occupancy of 98.8 per cent as at Dec 31, 2014.
“For the quarter under review, we continued to reinvent and make our malls relevant. Bukit Panjang Plaza completed the food and beverage block and Level 2 opened with additional dining options, including popular choices such as Suki-ya, Eighteen Chefs and Siam Kitchen,” he said.
For FY2014, CMT’s gross revenue grew 3.3 per cent on-year to S$658.9 million, while net property income increased 2.2 per cent to S$448.4 million from the previous year.
Source : Channel NewsAsia – 24 Jan 2015