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CapitaCommercial Trust posts 2% rise in distribution per unit for 4Q 2013

Published on Jan 23, 2014 8:55 AM

Higher revenue from most of its properties led CapitaCommercial Trust (CCT) to report a higher distribution per unit for the fourth quarter of last year.

CCT will pay unitholders 2.09 cents for the three months to Dec 31, a 2 per cent rise from the same period a year ago, the trust's manager said on Thursday.

This brings its total distribution for last year to 8.14 cents, up 1.2 per cent from 2012.

Distributable income for the office trust rose 3.3 per cent in the fourth quarter from a year ago to $60.2 million, mainly due to lower interest expenses, CCT said.

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