The trust saw a 4.3% decline in gross revenue to $172 million from $179.8 million in 1Q16, mainly due to the absence contributions from Funan, as the mall ceased operations for redevelopment from July 1 last year.
SINGAPORE (April 20): The manager of CapitaLand Mall Trust has announced a distribution per unit (DPU) of 2.73 cents for the first quarter ended March 31, unchanged from a year ago.
Distributable income for the quarter rose 0.2% to $97 million from $96.7 million for the same period last year.
