CapitaMall Trust posts 29% rise in Q3 distributable income

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CapitaMall Trust on Friday said its third-quarter distributable income rose 29 percent on-year.

Distributable income for the three months to September amounted to S$53.2 million.

CapitaMall Trust will distribute 3.4 cents for each unit.

The better showing was boosted by a payout by CapitaRetail China and improving rentals.

The property trust said higher rentals were driven by robust retail sales growth achieved by its tenants.

It also said it expects to continue its growth through asset enhancement initiatives and acquisitions.

Via CNA

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