CapitaLand Mall Trust, Singapore’s first and largest retail REIT has recently announced a decent set of 1Q2018 financial results. I shall not dwell too much into its financial results as you can judge them yourself based on the results below but all I can say is that I am happy to see Distribution Per Unit (“DPU”) increase by 1.8%.
CapitaLand Mall Trust currently makes up 12% of my stock portfolio and I am excited to receive higher dividends quarter on quarter.
|
1Q2018
(S$’000) |
1Q2017
(S$’000) |
Change |
| Gross Revenue |
175,164 |
172,023 |
1.8% |
| Net Property Income |
125,651 |
120,060 |
4.7% |
| Distributable Income |
98,963 |
96,973 |
2.1% |
| Distribution Per Unit (“DPU”) (cents) |
2.78 |
2.73 |
1.8% |
Sale of Sembawang Shopping Centre
On top of the release of its 1Q2018 financial results, the manager has recently announced the sale of one of their asset, Sembawang Shopping Centre for S$248 million ......
