CapitaMall Trust Q1 DPU at 2.29 cents

CapitaMall Trust Management said its distribution per unit (DPU) for the first quarter stood at 2.29 Singapore cents.

That is up three per cent from the 2.23 Singapore cents reported in the same period a year ago.

The trust said that this is largely due to contributions from Clarke Quay, which was acquired in July 2010, as well as robust rental renewals.

Net property income for the quarter ended March 31 was up by 8.2 per cent on-year to about S$105.7 million.

CEO of CapitaMall Trust Management, Simon Ho, said that going forward, the firm will continue to explore opportunities for selective acquisitions and greenfield developments.

The trust is a unit of property developer CapitaLand.

Source : Channel NewsAsia – 20 Apr 2011

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