Category Archives: Funds

CapitaMall Trust Q1 DPU at 2.29 cents

Posted on 20 Apr 2011 | Comments Off on CapitaMall Trust Q1 DPU at 2.29 cents

CapitaMall Trust Management said its distribution per unit (DPU) for the first quarter stood at 2.29 Singapore cents.

That is up three per cent from the 2.23 Singapore cents reported in the same period a year ago.

The trust said that this is largely due to contributions from Clarke Quay, which was acquired in July 2010, as well as robust rental renewals.

Net property income for the quarter ended March 31 was up by 8.2 per cent on-year to about S$105.7 million.

CEO of CapitaMall Trust Management, Simon Ho, said that going forward, the firm will continue to explore opportunities for selective acquisitions and greenfield developments.

The trust is a unit of property developer CapitaLand.

Source : CNA – 20 Apr 2011

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Ascott REIT distribution per unit up 29% to 2.14 cents

Posted on 20 Apr 2011 | Comments Off on Ascott REIT distribution per unit up 29% to 2.14 cents

Ascott Residence Trust said its distribution per unit rose 29 per cent to 2.14 Singapore cents in the first quarter.

That is mainly due to contributions from the 28 properties acquired by Ascott Reit last year.

The real estate investment trust said that revenue for the first quarter climbed 55 per cent to S$67.3 million.

It expects to deliver the forecast distribution of 7.74 Singapore cents for the full year 2011.

Ascott REIT is a unit of Singapore property developer CapitaLand Limited.

Source : CNA – 20 Apr 2011

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