CapitaLand Commercial Trust (CCT) has declared a distribution per unit (DPU) of 2.19 cents for 1Q 2016. This is 3.3% above the 1Q 2015 DPU of 2.12 cents. Based on the annualised 1Q 2016 DPU and CCT’s closing price per unit of $1.42 on Thursday, CCT’s distribution yield is 6.2%. The trust’s distributable income of$64.8 million in 1Q16 was 3.3% higher than the $62.7 million achieved in 1Q15. This was largely due to higher distributable income from its 40% and 60% interests in CapitaGreen and Raffles City Singapore respectively, said CapitaLand Commercial Trust Management, the manager of CCT. Gross revenue came in 1.9% lower at $66.9 million while net property income came in 3.6% lower at $52 million, the latter mainly due to higher property tax and lower occupancy rate at Capital Tower year-on-year. Lynette Leong, CEO of the manager, says, “Maiden income contribution from CCT’s 40% interest in CapitaGreen and more distribution from CCT’s ......