CapitaMall Trust DPU Rises for 1Q2016

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CapitaMall Trust announces its 1Q2016 results on 15th April 2016. A higher Distribution Per Unit (DPU) of 2.73 cents was announced for 1Q 2016 which is 1.9% increase as compared to 2.68 cents in 1Q 2015.

Gross revenue is 7.4% higher due to the contribution of S$14.6 million from the acquisition of Bedok Mall on 1 October 2015.

Net property income is 8.6% higher as compared to 1Q 2015.

Based on the closing price of S$2.17 on 15th April 2016, the annualised DPU is 5.06%.

1Q2016
(S$’000)
1Q2015
(S$ ‘000)
YoY(%)
Gross Revenue179,801167,3537.4
Net Property Income127,860117,6918.6
Distributable Amount96,74792,8644.2
Distribution Per Unit (“DPU”) (cents)2.732.681.9
Annualised DPU (cents)10.9810.871.0

Occupancy

Portfolio occupancy as at 31 March 2016 remained high at 97.7%.

Mr Wilson Tan, CEO of CMTML, said, “Despite the challenging macro environment, CMT registered year-on-year growth of 4.9% in shopper traffic and 4.6% in tenants’ sales in the first quarter of the year.

Things to Note

  • Redevelopment of Funan DigitaLife Mall
  • Asset enhancement initiatives for Plaza Singapura, Bukit Panjang Plaza and Tampines Mall

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