CapitaMall Trust's distribution per unit rises 15.3% in 4Q 2013
CapitaMall Trust (CMT) has posted a 15.3 per cent rise in its distribution per unit for the fourth quarter of last year, the real estate investment trust's (Reit) manager said on Wednesday.
CMT will pay a distribution of 2.72 cents per unit, bringing its total payout for the year to 10.27 cents per unit - 8.6 per cent higher than in 2012.
This will result in a distribution yield of 5.74 per cent, based on CMT's closing price of $1.88 per unit on Tuesday, CMT Management said. Unitholders will receive their distributions on Feb 28.
CMT's distributable income rose to $94.4 million in the three months to Dec 31 last year, 18.3 per cent higher than in the same period a year ago.