CapitaCommercial's Q3 income up 52% to $29.6m

Source : The Business Times, October 23, 2007

Property trust CapitaCommercial Trust said on Tuesday its quarterly distributable income rose 52.4 per cent due to higher returns from its office properties portfolio.

The trust, Singapore's second-biggest property trust by market value, said it earned net distributable income of $29.6 million (US$20 million) for the three months ended September, higher than the $19.4 million it had earned in the year-ago period.

CapitaCommercial Trust, controlled by developer CapitaLand, will pay unitholders 2.14 Singapore cents per unit for the quarter. -- REUTERS

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