CapitaMalls Malaysia Trust (CMMT) said its distribution per unit (DPU) for the third quarter will be 0.66 Singapore cents.
This is its first reported results since its listing in mid-July this year.
CMMT said its distributable income came in at S$8.9 million for the quarter.
Net property income amounted to S$12.7 million.
With an annualised DPU of 3.04 Singapore cents, CMMT said it was on track to achieve its forecasted DPU of 3.01 Singapore cents for the year, as stated in its listing prospectus.
CMMT has previously said it intended to distribute 100 per cent of its income available to its unit holders in 2010.
It added the first distribution would be paid by February 28, 2011.
Going forward, CMMT said Malaysia’s retail industry is expected to grow 6.1 per cent this year.
It added it expected to tap on that with a portfolio of three strategically-located shopping malls in Penang, Kuala Lumpur and Selangor.
Source : Channel NewsAsia – 15 Oct 2010