18 July 2014

CapitaMalls REIT declares income distribution

  18 July 2014

PETALING JAYA: CapitaMalls Malaysia Trust (CMMT) said unitholders can expect a distribution per unit (DPU) of 4.53 sen for the first six months of financial year 2014 to end-June, 4.1% higher than last year’s 4.35 sen.

The transaction is scheduled for Aug 29.

In a press statement, CMMT said the annualised DPU of 9.14 sen for the first half of the year was 4.2% higher than the 8.77 sen in the same period last year.

This would translate to an annualised distribution yield of 6.1% based on CMMT’s closing price of RM1.49 per unit on July 16, it said.

For the second quarter of the financial period ended June 30, CMMT’s DPU rose to 2.21 sen, 1.8% higher than the 2.17 sen of a year ago.

The trust’s net property income rose 1.4% to RM51.2mil from RM50.5mil in the previous corresponding period.

The increase is partly due to the full-quarter contribution from the newly configured units of phase 1 of the asset enhancement works at East Coast Mall in Kuantan, Pahang, the company said.

CapitaMalls Malaysia REIT Management Sdn Bhd chairman David Wong Chin Huat said private consumption was expected to remain strong, underpinned by healthy labour market conditions and continued wage growth.

Meanwhile, phase 2 of the asset enhancement works for East Coast Mall, as well as the reconfiguration works of Gurney Plaza, have begun.



Thanks for reading CapitaMalls REIT declares income distribution

« Prev Post

No comments:

Post a Comment