Shares & Derivatives
Capitaland Commercial Trust DPU up 6.1% in 4Q2017
By PropInvestSG  •  March 22, 2018
Capitaland Commercial Trust’s distribution per unit was up 6.1% for 4Q2017 to 2.08 SG cents from 1.96 SG cents. In 2017 on a full year basis, distribution per unit was up 5.0% to 8.66 SG cents compared to 8.25 SG cents in 2016. The increase in distribution per unit is despite a fall of 3.8% and 4.0% in gross revenue and net property income respectively between 4Q2017 and 4Q2016. The decrease in gross revenue was due to divestments of One George Street (50% interest) in June 2017, Golden Shoe Car Park in July 2017 and Wilkie Edge in Sept 2017. The decline was mitigated by higher gross revenue from CapitaGreen and contribution of newly acquired Asia Square Tower 2 (AST2). Also read: 7 things to know about Viva Industrial Trust’s income support Because of the decrease in gross revenue, net property income also declined by 4.0% in 4Q2017 compared to ......
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By PropInvestSG
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