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CapitaMalls Malaysia Trust's distribution per unit rises 4.1%

Published on Jul 17, 2014 9:41 PM

SINGAPORE - Higher rents and refurbishment works at its properties boosted Malaysian mall landlord CapitaMalls Malaysia Trust's performance (CMMT) in the second quarter.

Its distribution per unit (DPU) was 2.21 sen for the three months to June 20, up 1.8 per cent from the same period last year, said CapitaMalls Malaysia Reit Management, the trust's manager, on Thursday.

The trust, which is listed on the Bursa Malaysia exchange, has a portfolio of four malls: Gurney Plaza in Penang, Sungei Wang Plaza in Kuala Lumpur, The Mines in Selangor and East Coast Mall in Pahang.

Distributable income for the second quarter rose 2 per cent to 39.3 million ringgit from a year ago.

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