Capitaland Mall Trust by 3.9 per cent to 2.92 Singapore cents, from 2.81 cents a year ago, the trust manager said on Tuesday before the market opened. For the three months ended June 30, net property income grew 10.2 per cent to S$133.2 million, from S$120.8 million a year ago. Gross revenue meanwhile was up 10.6 per cent to S$189.5 million, from S$171.4 million a year ago. CMT units closed at S$2.60 on Monday, down four Singapore cents or 1.52 per cent.
001 cents a year ago, according to the industrial landlord's Q2 results released on Monday. This translates to an annualised distribution yield of 7.6 per cent on the back of a more diversified portfolio with lower capital structure risks, said ESR-Reit's manager. Net property income for the three months ended June 30 more than doubled to S$47.8 million from S$23.4 million a year ago. ESR units closed unchanged at S$0.535 on Monday, before its results were released.
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