CapitaMall Trust second quarter distribution up 3.1%

Unitholders can expect to receive their distribution per unit on 26 August 2011.

CapitaMall Trust achieved a Second Quarter 2011 distribution per unit of 2.36 cents which is 3.1% higher than the DPU of 2.29 cents for the same period in 2010. This brings CMT’s DPU to 4.65 cents for First Half 2011, exceeding the First Half 2010 (1H 2010) DPU of 4.52 cents by 2.9%.

This translates to an annualised distribution yield of 4.91% based on CMT’s closing price of S$1.93 per unit on 18 July 2011. The Books Closure Date is on 27 July 2011.

CMT’s strong performance in the second quarter is said to be a reflection of the higher rental rates secured from new and renewed leases.

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