The revenue growth was mainly attributed to higher occupancy for IMM, Clarke Quay, The Atrium@Orchard and Plaza Singapura as well as higher car park income.
SINGAPORE (Apr 20): The manager of CapitaLand Mall Trust (CMT) has declared a 1Q18 distribution per unit (DPU) of 2.78 cents, 1.8% higher than its 1Q DPU of 2.73 cents a year ago on higher revenue and lower property expenses and finance costs.
Gross revenue for 1Q18 grew 1.8% to $175.2 million from $172 million a year ago while net property income rose 4.7% to $125.7 million from $120.1 million a year ago.
