CapitaMall Trust (CMLT.SI), a real estate investment trust managed by a unit of Southeast Asia’s biggest developer CapitaLand (CATL.SI), on Tuesday announced a 3.1% rise in quarterly distribution per unit (DPU).
CapitaMall Trust’s DPU for the second quarter ended June was 2.36 cents, up from 2.29 cents for the same period in 2010.
“We continue to see strong retail sales growth momentum in our malls and this augurs well for the rest of this year,” James Koh, the chairman of the trust’s management company, said in a statement.
The trust said it also expects to grow rental income by enhancing its properties.
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