CapitaMall Trust said its distribution per unit (DPU) for the second quarter rose 3.1 per cent to 2.36 Singapore cents. That is up from the 2.29 Singapore cents reported in the same period a year ago. The trust said that this is largely due to the higher rental rates secured from new and renewed leases, and is supported by a stable economy, low unemployment rate and healthy consumer spending. Net...
CapitaMall Trust
The Urban Redevelopment Authority (URA) has accepted a joint tender for the Jurong Gateway site at a tender price of nearly S$969 million from CapitaMall Trust, CapitaMalls Asia and CapitaLand. The 99-year leasehold site is likely to be developed into a mixed retail and office space. It has a land area of approximately 18,159 square metres, with a maximum permissible total gross floor area of 88,980...
CapitaMall Trust Management said its distribution per unit (DPU) for the first quarter stood at 2.29 Singapore cents. That is up three per cent from the 2.23 Singapore cents reported in the same period a year ago. The trust said that this is largely due to contributions from Clarke Quay, which was acquired in July 2010, as well as robust rental renewals. Net property income for the quarter ended March...
CapitaMall Trust Management (CMT) has entered into an agreement to buy Iluma shopping mall in the Bugis area. It is set to pay Jack Investments S$295 million for the property. The mall has a net lettable area of over 185,000 square feet and has an occupancy rate of nearly 84 per cent. CMT expects the acquisition to strengthen its foothold in the downtown core of Singapore. It currently owns four prime...
CapitaMall Trust, Singapore's largest REIT by asset size, said it is setting up a S$2.5 billion "Retail Bond Programme" and offering up to S$200 million two-year retail bonds. CapitaMall Trust said HSBC Institutional Trust Services would issue bonds, from time to time, under the S$2.5 billion programme, in its capacity as trustee of CapitaMall Trust, in series or tranches in Singapore dollars, United...
CapitaMall Trust (CMT) said its fourth-quarter distribution per unit (DPU) fell 1.4 per cent on-year to 2.36 cents. This is compared with 2.40 cents a year earlier. CMT said distributable income in the fourth quarter also fell by 1.4 per cent on-year to S$75.4 million. Net property income for the three-month period increased 5.7 per cent on-year to S$101.4 million. Meanwhile, for the full year of 2010,...
CapitaMall Trust (CMT) says it wants to participate in greenfield development projects to further grow its distribution per unit (DPU). This will be on top of its existing strategy involving active leasing, assets enhancement and selective acquisition of yield accretive projects. CMT made the comments at its results briefing on Thursday. CMT saw positive growth in the first six months of the year,...
CapitaMall Trust says its second quarter distribution per unit rose 7.5 per cent on-year to 2.29 cents. It announced a DPU of 2.13 cents in the year-ago period. Second quarter distributable income also rose 7.5 per cent on-year to S$73 million, while net property income gained 5.3 per cent to S$98.7 million. CMT says the improved performance was driven mainly by higher rental rates for new and renewed...
CAPITAMALL Trust (CMT) yesterday posted sterling first-quarter results, adding that it expects an even stronger showing as the economic rebound aids the shopping malls in its portfolio. An increase in gross revenue, thanks in part to the full contribution from Sembawang Shopping Centre after an upgrade, drove a 13.6 per cent surge in distributable income to $71.1 million. Distribution per unit (DPU)...
Its Q1 distributable income rises 13.6%; net property income up 5.7% CAPITAMALL Trust (CMT) yesterday posted stronger results for the first quarter ended March 31 and signalled optimism ahead. There will be more asset enhancement initiatives at Junction 8 and Tampines Mall. Ongoing works at Raffles City Singapore and Jurong Entertainment Centre are also on schedule. 'We are now firing up all three...