CapitaMall Trust's net property income up 3% to $117.7m in Q1
Thanks to completed AEI at Bugis Junction.
CapitaMall Trust reported that its net property income grew 3% year-on-year to $117.7m in the first quarter, while gross revenue increased 1.6% to $167.3m.
The higher results was mainly driven by the completion of the second phase of the asset enhancement initiative at Bugis Junction in September 2014. Bugis Junction accounted for $2.1 million increase in gross revenue
CMT announced a DPU of 2.68 cents for the first quarter, 4.3% higher than the 2.57 cents in the same period last year.