CapitaLand Commercial Trust's (CCT) distribution per unit (DPU) rose 2.4% to 2.14 cents in the third quarter ended Sept 30, 2015, from 2.09 cents a year earlier.
Distributable income rose 2.6% to $63.2 million from $61.6 million previously, on the back of higher net property income of $52.7 million, up 1.5%, from $51.9 million.
CCT also received more distributable income from its 60%-owned Raffles City Singapore.
Meanwhile, CCT's revenue rose 2.9% to $68.3 million from $66.4 million previously.
CCT says it has put in place a five-year banking facility to refinance the outstanding borrowings of CapitaGreen due in the year end. Its 40% interest in the borrowings of CapitaGreen stands at $356 million.
The trust's balance sheet remains "robust" with gearing at a "low" 30.1%.
With the impending completion of new supply in 2016, CCT expects downward pressure on office market rents as landlords focus on retaining and attracting tenants.
CCT ended lower at $1.435 on Tuesday.
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Distributable income rose 2.6% to $63.2 million from $61.6 million previously, on the back of higher net property income of $52.7 million, up 1.5%, from $51.9 million.
CCT also received more distributable income from its 60%-owned Raffles City Singapore.
Meanwhile, CCT's revenue rose 2.9% to $68.3 million from $66.4 million previously.
CCT says it has put in place a five-year banking facility to refinance the outstanding borrowings of CapitaGreen due in the year end. Its 40% interest in the borrowings of CapitaGreen stands at $356 million.
The trust's balance sheet remains "robust" with gearing at a "low" 30.1%.
With the impending completion of new supply in 2016, CCT expects downward pressure on office market rents as landlords focus on retaining and attracting tenants.
CCT ended lower at $1.435 on Tuesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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