
CapitaLand distributable income up 5.5% in 2Q
It rose to S$79.6M from just S$75.5 million for the same period in 2011 partly thanks to JCube.
Distribution per unit (DPU) for 2Q 2012 was 2.38 cents, 0.8% higher than the 2.36 cents for 2Q 2011.
This brings CMT’s DPU to 4.68 cents for First Half 2012 (1H 2012), exceeding the First Half 2011
(1H 2011) DPU of 4.65 cents by 0.6%.
Unitholders can expect to receive their 2Q 2012 DPU on 29 August 2012. This translates to an
annualised distribution yield of 4.92% based on CMT’s closing price of S$1.945 per unit on 17 July
2012. The Books Closure Date is on 26 July 2012.
Mr James Koh Cher Siang, Chairman of CMTML, said, “We are pleased that CMT has delivered a
good set of results for 2Q 2012. JCube which opened in April and the higher rental rates achieved
from the portfolio’s new and renewed leases were significant contributors to the revenue growth.
Although concerns over the global economic situation have deepened in the second quarter,
Singapore’s low unemployment rate and Singapore Tourism Board’s forecast record of tourist
arrivals this year are expected to continue to support retail spending.”