CapitaMall Trust yields S$76.6m distributable income

Atrium@Orchard's enhancement works are also paying off with occupancy improved to 96%.

1Q performances across CMT’s portfolio stayed firm with Topline coming in at S$155.2m, up 0.4% YoY and average rental reversions over the quarter positive at 6.1% across the portfolio.  

Here's more from OCBC Investment Research:

CapitaMall Trust (CMT) reported 1Q12 distributable income of S$76.6m (DPU: 2.30 S-cents) which is 4.6% higher YoY. This is broadly in line with expectations and make up 23% of the FY12 forecast. 

Topline came in at S$155.2m, up 0.4% YoY. 1Q performances across CMT’s portfolio stayed firm; occupancy improved to 96% with pressure coming mostly from Atrium@Orchard due to enhancement works.

Average rental reversions over the quarter remained positive at 6.1% across the portfolio. Management also reported that JCube opened on 2 Apr 12, with 99% of NLA committed, and would contribute to earnings from 2Q12 onwards. 

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Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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