CapitaMall Trust has announced their 4Q2018 financial results on 23rd January 2019. It was quite amazing CapitaMall Trust is still able to increase its distribution per unit (“DPU”) quarter on quarter. Distribution per unit (“DPU”) for 4Q2018 was 2.99 cents, 3.1% higher than the Distribution per unit (“DPU”) of 2.90 cents for 4Q2017. Based on CapitaMall Trust’s closing price of S$2.27 per unit on 22 January 2019, the annualised distribution yield for 4Q2018 was 5.22%.
According to the presentation slides that was released by CapitaMall Trust, most of the asset enhancement works that are ongoing last year has been completed.
Here are more details on the assets updates:
March – Completed the mall interior rejuvenation works of Raffles City Singapore 18 June – Completed the sale of Sembawang Shopping Centre October – Completed the rejuvenation works of Tampines Mall 1 November – Completed the acquisition of balance 70.0% stake in...
