CapitaMall Trust (CMT) says its first quarter distribution per unit increased 13.2 per cent on-year to 2.23 cents. It announced a DPU of 1.97 cents in the year-ago period. First quarter distributable income rose 13.6 per cent on-year to S$71.1 million dollars, while net property income gained 5.7 per cent to S$97.6 million dollars.2 CMT says the improved performance was mainly due to higher gross...
CapitaMall Trust
WE refer to the article 'Qatar SWF snaps up top Singapore hotel' (BT, April 7). While the article states that Qatari Diar has acquired a stake in the Fairmont Raffles hotel chain, it implied that Fairmont Raffles will also take ownership of one of the chain's Singapore hotels - namely Swissotel The Stamford, Fairmont Singapore and Raffles Hotel. Swissotel The Stamford and Fairmont Singapore are hotels...
Mainboard-listed CapitaMall Trust (CMT) said it has established a Euro-Medium Term Note Programme worth US$2 billion. Net proceeds from the issuance will be used to refinance existing borrowings, to fund investments and for general working capital. CMT said the Note Programme is in line with its strategy of increasing financial flexibility by diversifying sources of funding and extending debt...
CapitaMall Trust (CMT) has acquired riverfront development Clarke Quay from sister company CapitaMalls Asia for S$268 million. CMT said it has sufficient financial flexibility and capacity to fund the transaction, which is targeted for completion by July 2010. Assuming the transaction is fully funded by debt, CMT's gearing would be 33.1 per cent - still within its target range of 30 to 35 per cent. CMT...
CapitaMall Trust (CMT) said it will pay 2.4 Singapore cents per unit for its fiscal fourth quarter. The distribution per unit (DPU) is 24.4 per cent higher than a year ago, after adjusting for a rights issue last year. Shoppers were still thronging the malls last year, despite Singapore's economic recession. And that was good news for CMT, which saw positive growth for the year ended 2009. For the full...
Mainboard-listed CapitaMall Trust (CMT) said its current chief executive officer, Lim Beng Chee, will relinquish his position with the company to focus on his new role as CEO of newly-listed CapitaMalls Asia. However, Mr Lim will continue as a director and a member of the Executive Committee of CapitaMall Trust. Current Deputy CEO Simon Ho will assume the top position, while head of Investment and Asset...
CapitaMall Trust (CMT) said on Thursday that its distribution per unit (DPU) for the third quarter stood at 2.354 cents. This is a 23 per cent improvement over the 1.91 cents DPU, for the same period last year after adjusting for a rights issue. Moreover, its distributable income for the third quarter was S$74.9 million - a 23.3 per cent on-year improvement. Its net property income also rose 8.8 per cent...
CapitaMall Trust, Singapore’s biggest property trust, said third-quarter distributable income rose 23.3% from a year earlier to $74.9 million. Unitholders can expect to receive their Third Quarter 2009 distribution of 2.35 cents per unit on 26 November 2009. The annualised distribution per unit will be 9.32 cents, translating to an annualised yield of 5.27% based on the unit price of $1.77 on 21...
CapitaMall Trust (CMT) will distribute 2.13 Singapore cents per unit to unitholders in the second quarter – down 39 per cent from a year ago due to a higher number of units as a result of a recent rights issue. Excluding the adjustment for new units through the rights issue, its distribution per unit would have risen about 15 per cent. All in, the trust had S$67.9 million to distribute in the second...
CapitaMall Trust (CMTL) reported a distributable income of S$62.6 million for the first quarter of 2009, an eight per cent increase year-on-year. The company said Friday that shareholders can expect a distribution per unit of 1.97 cents for the three months ended March 31, to be distributed on the May 28. CapitaMall added that the numbers were largely due to a retention of S$5.9 million, which includes...