CapitaMall Trust reports Q4 distributable income of S$62.3m

CapitaMall Trust Management Ltd will pay S$62.3 million in distributable income, for the October-to-December period, or 2.34 Singapore cents per unit.

This compares with the distributable income of S$52.3 million it paid a year ago.

CapitaMall, which is 27-percent owned by Southeast Asia’s largest developer CapitaLand, said its fourth-quarter distribution was 30 percent higher than forecast due to acquisitions and higher lease rates for existing properties.

Net property income of S$44.7 million was 15 percent higher than the forecast of S$38.8 million. – CNA/ch

Source : Channel NewsAsia – 22 Jan 2008

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