CEO of CMT’s manager Tony Tan says that the group has retained 69%, or $69.6 million, of its taxable income for the quarter to maintain its financial capacity and flexibility.
SINGAPORE (Apr 30): The manager of CapitaLand Mall Trust (CMT) has reported distribution per unit (DPU) of 0.85 cent for 1QFY2020 ended March, some 70.5% lower than PDU of 2.88 cents last year.
This comes as the group grapples with an increasingly difficult operating environment on the back of the Covid-19 pandemic.
