I have previously added more of CapitaMall Trust to my stock portfolio in November 2016 which I have blogged about (
My Personal Analysis of Capitaland Mall Trust). CapitaMall Trust announces its 4Q 2016 or full year 2016 results on Friday, 20th January 2017. The financial results are within my expectation. When I mean within my expectation, I do not expect CapitaMall Trust to outperform but to be resilient under current economic headwinds.
Here is a quick summary of the 4Q2016 results compared with 4Q2015. Gross revenue fell 6.1% and Net Property Income (“NPI”) fell by 7.6%. Distribution Per Unit (“DPU”) remains flat at 2.88 cents.
|
4Q2016
(S$’000) |
4Q2015
(S$’000) |
Change |
| Gross Revenue |
169,346 |
180,380 |
(6.1%) |
| Net Property Income |
116,192 |
125,697 |
(7.6%) |
| Distributable Income |
102,069 |
101,894 |
0.2% |
| Distribution Per Unit (“DPU”) (cents) |
2.88 |
2.88 |
0% |
If we compare the full year ......
