Published:
Higher stake in CapitaGreen boosts CCT's earnings in Q4
The group's distributable income increased 10.1%.
Capitaland Commercial Trust got a shot in the arm from its increased stake in CapitaGreen, according to OCBC Investment Research.
"The trust reported an estimated DPU for the quarter of 2.39 S-cents which similarly grew 10.1% YoY and as a result, FY16 DPU now cumulates to 9.08 S-cents – up 5.3% YoY," OCBC said.
In terms of headline, CCT's revenue and net property income increased 32.7% and 35.4% to $89.7m and $70.8m, respectively.
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