CapitaMall Trust's distributable income in Q3 rises 9.7% to $88.8 million

CapitaMall Trust's distributable income went up 9.7 per cent to $88.8 million in the third quarter from the preceding year, it said on Wednesday.

Revenue for the three months to Sept 30 rose 9.1 per cent to $182.4 million year-on-year, while net property income jumped 12.9 per cent to $126.5 million for the same period.

The company said this was due to higher rental contributions and completed upgrading works.

Distribution per unit (DPU) was 2.56 cents for the quarter. Net asset value per unit was $1.71 as at Sept 30.

The real estate investment trust reported that its annualised distribution yield was 5.08 per cent, based on the closing price of $2 a unit.

Unit-holders can expect to receive their second-quarter DPU on Oct 31.