CapitaMall Trust net property income up 4.8%

It achieved NPI of S$418.2m for the whole of 2011.

CapitaMall Trust Management Limited, the manager of CapitaMall Trust, said Distribution per unit for FY2011 was 9.37 cents, compared to FY2010 DPU of 9.24 cents.

“The better performance in FY2011 compared with FY2010 was mainly due to contributions from Clarke Quay and Iluma which were acquired on 1 July 2010 and 1 April 2011 respectively, as well as rental increases from new leases and renewal of existing leases,” said the announcement.

On 29 February 2012, Unitholders can expect to receive their distribution of 1.28 cents per unit for the period 10 November to 31 December 2011. An advanced distribution of 1.02 cents per unit for the period 1 October to 9 November 2011 has already been paid to Unitholders on 6 January 2012.

Mr James Koh Cher Siang, Chairman of CMTML, said, “We renewed 503 leases with a positive rental reversion of 6.4% and achieved a 6.3% year-on-year increase in tenant sales in our malls.” He said the improved performance was underpinned by Singapore’s low unemployment rate, healthy domestic consumption and record-breaking visitor arrivals.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit