The manager of CapitaLand Mall Trust (CMT) has reported distribution per unit (DPU) of 3.10 cents for 3QFY2020 ended September, some 1.3% higher than the DPU of 3.06 cents a year ago.

Distributable income for the quarter rose 1.2% y-o-y to $114.3 million, which includes the release of $36.4 million or about 78% of the $46.4 million of income retained in 1HFY2020.

Gross revenue for 3QFY2020 declined 25.3% y-o-y to $150.3 million mainly due to the rental waivers granted to eligible tenants amounting to some $29.5 million, as well as lower rental on gross turnover and other income.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook