CapitaLand Mall Trust 1Q2018 Financial Results and Divestment of Sembawang Shopping Mall

CapitaLand Mall Trust, Singapore’s first and largest retail REIT has recently announced a decent set of 1Q2018 financial results. I shall not dwell too much into its financial results as you can judge them yourself based on the results below but all I can say is that I am happy to see Distribution Per Unit (“DPU”) increase by 1.8%.

CapitaLand Mall Trust currently makes up 12% of my stock portfolio and I am excited to receive higher dividends quarter on quarter.

1Q2018
(S$’000)
1Q2017
(S$’000)
Change
Gross Revenue 175,164 172,023 1.8%
Net Property Income 125,651 120,060 4.7%
Distributable Income 98,963 96,973 2.1%
Distribution Per Unit (“DPU”) (cents) 2.78 2.73 1.8%

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