CapitaCommercial Trust’s net property income up 3% to $50.6m in Q4

Distributable income climbed to $63.6m.

CapitaCommercial Trust reported solid results for the fourth quarter, with its net property income up 3% year-on-year to $50.6m, while distributable income climbed 5.7% to $63.6m.

CCT’s estimated distribution per unit (DPU) inched up 2.9% to 2.15 cents. Its full-year DPU is estimated to be at 8.46 cents, up 3.9% from the 8.14 cents recorded in FY 2013.

CCT also reported a 3.1% increase in revenue to $66.4m on back of higher rentals and occupancy rates across its office portfolio.

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