CapitaMall Trust announces its 1Q2016 results on 15th April 2016. A
higher Distribution Per Unit (DPU) of 2.73 cents was announced for 1Q 2016 which is
1.9% increase as compared to 2.68 cents in 1Q 2015.
Gross revenue is 7.4% higher due to the contribution of S$14.6 million from the acquisition of Bedok Mall on 1 October 2015.
Net property income is 8.6% higher as compared to 1Q 2015.
Based on the closing price of S$2.17 on 15th April 2016, the
annualised DPU is 5.06%.
|
1Q2016
(S$’000) |
1Q2015
(S$ ‘000) |
YoY(%) |
| Gross Revenue |
179,801 |
167,353 |
7.4 |
| Net Property Income |
127,860 |
117,691 |
8.6 |
| Distributable Amount |
96,747 |
92,864 |
4.2 |
| Distribution Per Unit (“DPU”) (cents) |
2.73 |
2.68 |
1.9 |
| Annualised DPU (cents) |
10.98 |
10.87 |
1.0 |
Occupancy
Portfolio occupancy as at 31 March 2016 remained high at 97.7%.
Mr Wilson ...
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