CapitaCommercial Trust 1Q2012 results
CCT had just posted their 1Q2012 financial results. Six Battery Road (one of their property) was badly battered with gross revenue for the property dropping to $12mil as compared to $16.2mil in 1Q2011. Net property income for Six Battery Road dropped to $10.6mil as compared to $12.4mil in 1Q2011. The bad result, however, is offset by the increase in net property income for other properties.
Some quick numbers from CCT’s results:
- Gross revenue – $87.4mil (3.9% drop y-o-y)
- Net property income - $69.9mil (same y-o-y)
- Distributable income – $53.9mil (3.4% increase y-o-y)
- DPU for the quarter – 1.90 cents (3.3% increase y-o-y)
Click here for the entire 1Q2012 unaudited financial statement.
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