SINGAPORE (Jan 25): CapitaLand Mall Trust (CMT) on Wednesday announced that its 4Q17 DPU increased by 0.7% y-o-y to 2.90 cents, bringing its FY17 DPU to 11.16 cents, 0.3% higher than 11.13 cents recorded in 11.13 cents.
Gross revenue came in at S$172.3 million, 1.8% higher than S$168.3 million a year ago, while NPI rose 2.6% to S$119.3 million from S$116.2 million last year.
Following this announcement, CIMB is upgrading its call on CMT to “Add” from...(click on link for full story on theedgesingapore.com)