CapitaRetail China Trust has reported a third-quarter distributable income of S$8.2 million, exceeding its own forecasts by 9 percent. This puts distribution per unit at 1.71 cents.
Going forward, the trust expects the overall net property income of its portfolio to increase from around S$805 million to S$1.2 billion with the proposed acquisition of Xizhimen Mall in Beijing.
The mall is expected to raise the trust's future distribution per unit higher.
This transaction will mark CapitaRetail China Trust's first acquisition since its listing on 8 December 2006. - CNA/ms
CapitaRetail China Trust, a shopping mall trust managed by Singapore developer CapitaLand
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