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High occupancies buoy CapitaMall Trust's Q2 earnings

Published on Jul 23, 2014 5:22 PM
 
High occupancy rates across its 16 malls, including Junction 8 (pictured), buoyed incomes for CapitaMall Trust (CMT) in the second quarter. -- PHOTO: CAPITAMALL TRUST 

SINGAPORE - High occupancy rates across its 16 malls buoyed incomes for CapitaMall Trust (CMT) in the second quarter.

Distribution per unit (DPU) for the three months ended June 30 was 2.69 cents, 6.3 per cent higher than in the preceding year.

Net property income rose 4.4 per cent to $114 million while distributable income climbed 6.5 per cent to $93.4 million in the period from the previous year.

The real estate investment trust (Reit) has malls such as Plaza Singapura, Junction 8 and Rivervale Mall in its portfolio. It also owns 40 per cent of Raffles City Singapore.

 
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