CCT posts 3.8% rise in Q1 DPU to 2.2 Singapore cents

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CCT posts 3.8% rise in Q1 DPU to 2.2 Singapore cents.

CAPITALAND Commercial Trust on Thursday posted a 3.8 per cent increase in distribution per unit to 2.2 Singapore cents for its first quarter ended March 31, up from 2.12 cents paid out a year ago.

Net property income rose 3.4 per cent to S$79.8 million, while gross revenue rose 3.5 per cent to S$99.8 million, mainly contributed by its properties Gallileo, acquired in June 2018, and higher occupancy at Asia Square Tower 2, which offset the loss in revenue from the sale of Twenty Anson last August.

Source: News Formal (newsformal.com)

 

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