CapitaMall Trust

Distribution per unit (DPU) at CapitaLand Mall Trust was up for the second quarter on a rise in net property income, the manager reported yesterday. Unitholders can look forward to a DPU of 2.81 cents for the three months to June 30, a rise of 2.2 per cent on the same period a year earlier, while distributable income advanced 2.9 per cent to $100 million. The retail Reit (real estate investment...

CapitaLand Mall Trust (CMT), Singapore's largest shopping mall trust, will buy Bedok Mall from sponsor CapitaLand in a deal that values the mall at S$780 million. The 222,500 square foot Bedok Mall, which opened in December 2013, is part of an integrated retail-residential-transport development at Bedok Town Centre that includes the 583-unit condominium Bedok Residences developed by CapitaLand. The...

CapitaMall Trust (CMT), Singapore's largest shopping mall landlord, reported a higher distribution per unit for the first quarter ended March as shopper traffic and tenants' sales rose amid a weak retail market. CMT said on Tuesday (Apr 21) that it made a higher distribution of 2.68 Singapore cents per unit for three months ended Mar 31, 2015, up 4.3 per cent over the same period in 2014. Its gross...

CapitaMall Trust (CMT) posted a higher fourth-quarter distribution per unit (DPU) of 2.86 cents, up 5.1 per cent from the same quarter a year ago. In a news release issued on Friday (Jan 23), CMT's manager said that its distributable income for the same quarter ended Dec 31 rose 5 per cent on-year to S$99.1 million. This brings CMT's DPU for the full year to 10.84 cents, a 5.6 per cent increase over the...

CapitaLand, CapitaMalls Asia and CapitaMall Trust have signed an option to sell Westgate Tower for S$579.4 million. In a filing with the Singapore Exchange, CapitaLand said the option was granted to a consortium comprising Sun Venture Homes and Low Keng Huat (Singapore), which has up to January 24 to exercise it. Located at Jurong Gateway, Westgate Tower is the office component of the Westgate...

CapitaMall Trust Management on Friday said its distribution per unit (DPU) was up 2.6 per cent to 2.36 cents in the fourth quarter of 2012. For the full year, unitholders will receive a total of 9.46 cents for the fiscal year, compared to 9.37 cents in 2011. CapitaMall Trust Management said that for the fourth quarter of 2012, its distributable income grew 5.7 per cent to over S$79 million. For the full...

CapitaMall Trust Management Limited, the manager of CapitaMall Trust announced on Wednesday that it had achieved distributable income of S$79.6 million for the period 1 April to 30 June 2012 (2Q 2012), up 5.5% compared to S$75.5 million for the same period in 2011. Distribution per unit (DPU) for the second quarter was 2.38 cents, up 0.8 per cent from a year ago on the back of higher rents. Gross revenue...

CapitaMall Trust sells (CMT) has on 2 May 2012 awarded a tender to Oxley Bloom Pte Ltd for the sale of Hougang Plaza located at Upper Serangoon Road at a price of around S$119.1m. Hougang Plaza is a three-storey neighbourhood shopping mall located in Hougang Central that caters to the basic shopping and entertainment needs of residents in the vicinity. The property has a leasehold tenure of 99 years with...

Singapore-listed real estate investment trust, CapitaMall Trust (CMT) said its distribution per unit for the fourth quarter dipped by 2.5 per cent, to 2.30 Singapore cents. For the full year, distribution per unit rose 1.4 per cent, to 9.37 Singapore cents. At a results briefing, CMT said it has booked a net property income of S$418.2 million for its 2011 financial year. That's up by 4.8 per cent...

CapitaMall Trust (CMT), which has a portfolio of 16 malls in Singapore, said yesterday that asset enhancement initiatives would be a major growth driver for the real estate investment trust. For The Atrium@Orchard, CMT will separate three levels of office space totalling 127,000 sq ft and combine this with Plaza Singapura to create a single entity with a net lettable area of about 625,000 sq ft. The...