CMT – BT
CMT Q1 distributable income up 13.2%
SINGAPORE – CapitaMall Trust (CMT) posted a net property income of $97.7 million for its first financial quarter ended March 31, 2010, up 5.7 per cent from a year ago.
As a result, distributable income to unitholders rose. It was $71.1 million, up 13.6 per cent.
Distribution per unit (DPU) in Q1 was 2.23 cents, 13.2 per more than the same period last year.
CMT said in a news release on Wednesday: 'the improved performance was mainly due to upside from an increase in gross revenue arising from full contribution from Sembawang Shopping Centre upon the completion of asset enhancement works, higher rental rates for new and renewed leases and lower operating and interest expenses.'
Book closure is on April 29,2010.
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