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. 

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. 

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