CapitaMall Trust’s Q1 distributable income up 24% on-year to S$58m

CapitaMall Trust has booked a first quarter distributable income of S$58 million, up 24 per cent compared to a year ago.

The growth was driven by higher rental rates on new and renewed leases for most of its malls.

For the first quarter ended March 31, the property trust will distribute 3.48 Singapore cents per unit, up from the three cents distributed in the same period last year.

CapitaMall Trust said it is committed to distribute 100 per cent of its taxable income to unit holders for the full year ending December.

It added it “remains confident of delivering its 2008 forecast DPU of 13.9 cents.” – CNA/ac

Source : Channel NewsAsia – 22 Apr 2008

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