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CMT’s Q3 distributable income jumps 23.3%

Posted on 23 Oct 2009 | Comments Off on CMT’s Q3 distributable income jumps 23.3%

Unitholders will receive the Q3 distribution of 2.35cents on Nov26

‘With the clear but modest recovery, we expect retail sales in the upcoming months to be supported by festive spending.’ chairman of trust manager CapitaMall Trust Management

Click here for CMT’s news release

Financial results

Presentation slides

CAPITAMALL Trust (CMT) yesterday posted a net property income of $94.5 million for the third quarter ended Sept 30. This is 8.8 per cent more than a year ago.

Higher net property income was driven by an increase in gross revenue, from the purchase of The Atrium@Orchard and the completion of asset enhancement works at Sembawang Shopping Centre. Continue reading →

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