Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,200.28 +17.36 +0.55%
Hang Seng 28,566.91 +43.56 +0.15%
Dow Jones 25,657.73 +140.90 +0.55%
Shanghai Composite 2,997.10 -45.94 -1.51%
CapitaLand Commercial Trust 3Q15 DPU rises 2.4%
Daily Bulletin | 28 October 2015
Related stocks:

CapitaLand Commercial Trust has announced a 3Q15 Distribution Per Unit (DPU) of 2.14 cents, a 2.4 percent increase from last year due to higher distributable income to unitholders.

The group recorded a 9M15 distributable income to unitholders of $190.3 million, an increase of 2.5 percent on the back of higher gross revenue received. Gross revenue saw a 4.8 percent improvement to $205.6 million mainly due to positive rent reversions and/or higher occupancies for all of the group’s properties except for Twenty Anson.

The group expects the Singapore office market to face an above-normal volume of new supply between the second half of 2016 and first half of 2017 which is expected to cause downward pressure on market rents. In anticipation of the new office supply, the group has proactively implemented a well-spread portfolio lease expiry profile with major leases expiring in 2019 and beyond. Retention of strategic tenants and attracting new tenant to the portfolio remains as the group’s top priority.

CapitaLand Commercial Trust  1.970 +0.050 +2.60%   
Business: Co is a real estate investment trust in the office space.

Insight: Jan-19, FY18 gross revenue rose 16.7% to $394 mill... Read More

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.