CapitaCommercial Trust (CCT) has reported a distribution per unit (DPU) of 2.15 cents for the fourth quarter of 2014. This is 2.9 per cent higher from a DPU of 2.09 cents in the same quarter a year ago. Distributable income for the quarter also rose 5.7 per cent on-year to S$63.6 million. For the full year ended Dec 31, CCT recorded a DPU of 8.46 cents, up 3.9 per cent from the previous year. CCT's...
CapitaCommercial Trust
CapitaCommercial Trust’s (CCT) distributable income rose 7.6 per cent on-year to S$59.9 million in the first quarter, thanks to higher revenue contribution from most of the properties in its portfolio and lower interest expenses. This translates into an estimated distribution per unit of 2.08 cents, said the manager of the trust, CapitaCommercial Trust Management. The trust’s gross revenue for...
CapitaCommercial Trust (CCT) said higher revenue and lower interest expenses have pushed its second quarter distributable income up 1.9 per cent on-year to S$59.6 million. Meanwhile, CCT's distribution per unit (DPU) rose 0.5 per cent on-year to 2.07 cents per unit. The real estate trust's gross revenue also grew in Q2, up 1.8 per cent on-year to S$97.5 million. CCT's new and renewed Grade A...
Singapore's CapitaCommercial Trust reported a 6.8 per cent increase on-year in its distribution to unit-holders for Q4 2012. This was mainly due to higher income from some of its buildings, as well as contributions from a newly acquired asset, Twenty Anson. CCT, which includes buildings like Raffles City Tower, Capital Tower, Six Battery Road in its portfolio, reported a fourth quarter distribution per...
CapitaCommercial Trust (CCT) said on Friday that its second quarter distribution per unit (DPU) rose 7.3 per cent on-year to 2.06 cents. It is its highest quarterly DPU since 2009 and comes on the back of strong revenue from its acquisition of Twenty Anson and higher rental income from HSBC Building and Raffles City Singapore. Higher yield protection income from One George Street also contributed to the...
CapitaCommercial Trust (CCT) reported on Friday a distribution per unit (DPU) of 1.90 cents for the first quarter ended March 31. This is 3.3 per cent higher than the 1.84 cents DPU CCT reported in the same quarter a year ago. CCT's distributable income for the three months rose 3.4 per cent to S$53.9 million from the previous year. In a filing to the Singapore Exchange, CCT said the higher...
CapitaCommercial Trust (CCT), one of Singapore's leading commercial property owners, said its income growth was flat last quarter, due to the economic slowdown. Distribution Per Unit (DPU) was down 0.5 per cent from a year ago to S$54 million. Its shares, however, rallied three per cent. For the landlord of Raffles City and eight other commercial buildings in Singapore, CapitaCommercial's stalled...
CapitaCommercial Trust (CCT), an office landlord partly owned by CapitaLand, reported yesterday a distributable income of S$51.9 million for the third quarter, down 7.8 per cent from the same period last year. This is due to lower rental income following the sale of StarHub Centre and Market Street Car Park for redevelopment as well as negative rent reversions from expiring office leases this year, CCT...
There is a possibility of a glut of new office space in the near future, and this will put pressure on rental reversion. However, this has not stopped Japan's Mitsubishi Estate Asia (MEA) from acquiring a 10 per cent stake in the redevelopment of Market Street Car Park. Together with CapitaLand and CapitaCommercial Trust (CCT), the Japanese real estate company will transform the car park into a Grade A...
The management of CapitaCommercial Trust says it has seen a strong response from investors for its five-year US$645 million bond issued on Tuesday. The Class A secured floating rate notes are due in 2016. The notes are issued out of the trust's multi-currency medium-term note programme valued at S$10 billion. The bonds have been rated AAA by Fitch Ratings and Moody's Investors Service. The notes are...