,Singapore

CapitaLand Mall Trust NPI down by 27.6% to $104.4m in Q3

However, DPU was 1.3% higher over the same period.

CapitaLand Mall Trust reported a net property income of $104.4m for the quarter ended 30 September, a 27.6% drop from the same time last year, it said in a local bourse filing.

This was mainly due to lower gross rental income arising from rental waivers of $29.5m granted by CMT to tenants affected by COVID-19, as well as lower gross turnover and other income.

Distributable income for Q3 was $114.3m and distribution per unit (DPU) was 3.10 cents.

For the period 1 January to 30 September (YTD 2020), distributable income was $224m. This included the release of $36.4m or about 78% of the $46.4m of taxable income available for distribution retained in 1H 2020. DPU was 6.06 cents, 31.6% lower than the 8.86 cents for YTD Sep 2019.

Unitholders can expect to receive their DPU for Q3 on 19 November .

This comes on the heels of CMT being renamed to CapitaLand Integrated Commercial Trust in a merger by CapitaLand Commercial Trust and CMT.
 

Get Singapore Business Review in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

This is the last trading day before the ghost month.
Its revenue also rose 23.4% YoY to. US$2,262.4m in the same period. 
It is expected to be ready for launch in H2 2022.
Encouraged by vaccinations, more Singaporeans plan to travel in the next three months.
The amendments include higher penalties for erring property agencies or agents. 
The centre aims to spearhead Singapore’s maritime industry’s energy transition.
However, PropertyGuru’s data showed continued confidence amongst sellers.
The system enables employees to have test results in as fast as 60 seconds.
COVID-19 disruptions continue to cause delays in its projects.
Its underlying profit of $832.2m is still 17% below pre-COVID levels.
The airline saw a net loss of $1.12b in the same period last year.
All of its key businesses were profitable in the first six months of the year.
Singtel, Keppel Corp, and OCBC Bank led the Straits Times Index on 29 July.