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CapitaLand Commercial Trust 3Q15 DPU rises 2.4%
Daily Bulletin | 28 October 2015
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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  1.750 -0.010 -0.57%   
Business: Co is a real estate investment trust.

Insight: Jul-18, 2Q18 distributable income increased by 14.... Read More


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