SINGAPORE : CapitaCommercial Trust (CCT) has reported a 90 percent jump in distributable income to S$29.3 million in the first quarter of this year.
Income was boosted by contribution from its Raffles City shopping mall and higher returns from its office properties.
CCT said growth would be driven by an upsurge in the Republic's office rentals.
It is rewarding unit holders with 2.11 Singapore cents per unit for Q1 compared with 1.72 cents a year earlier, or nearly 23 percent higher.
CapitaCommercial Trust is the second largest property trust by market value on the Singapore Exchange.
Income was boosted by contribution from its Raffles City shopping mall and higher returns from its office properties.
CCT said growth would be driven by an upsurge in the Republic's office rentals.
It is rewarding unit holders with 2.11 Singapore cents per unit for Q1 compared with 1.72 cents a year earlier, or nearly 23 percent higher.
CapitaCommercial Trust is the second largest property trust by market value on the Singapore Exchange.
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