Brief: Capitaland Mall Trust Posts Qtrly Net Property Income S$148.3 Mln

CapitaLand Integrated Commercial Trust

30/04/2020 10:47

April 30 (Reuters) - Capitaland Mall Trust  CMLT.SI :
    * 1Q DPU 0.85 CENTS
    * QTRLY NET PROPERTY INCOME S$148.3 MILLION VERSUS S$140.1
MILLION
    * Q1 GROSS REVENUE S$204.3 MILLION VERSUS S$192.7 MILLION
    * RETAINED S$69.6 MILLION OF TAXABLE INCOME IN 1Q 2020
    * IMPACT FROM COVID-19 EXPECTED TO DEEPEN IN 2Q DUE TO
'CIRCUIT
BREAKER' PERIOD
    * IMPACT FROM COVID-19 IS EXPECTED TO DEEPEN IN 2Q 2020
    * SUSPENDING ALL NON-ESSENTIAL OPERATING & CAPITAL
EXPENDITURE
    * DEFERRING ALL ASSET ENHANCEMENT & DEVELOPMENT INITIATIVES,
EXCEPT ONGOING UPGRADING WORKS AT LOT ONE SHOPPERS' MALL

Source text for Eikon:  ID:nSNc9x4ZR 
Further company coverage:  CMLT.SI 

 ((Reuters.Briefs@thomsonreuters.com;))