CapitaLand Commercial Trust (CCT) on Wednesday reported a 3.2 percent rise in estimated distribution per unit.
Estimated distribution per unit rose to 2.27 Singapore cents for the second quarter ended June 30 from 2.20 cents a year earlier, it said in a statement.
Gross revenue increased by 29.5 percent to S$87.5 million, boosted by property CapitaGreen's better performance.
During the quarter, CCT sold One George Street and Wilkie Edge and it expects net proceeds from these two asset sales to be about S$833 million.
The completion of the sale of Wilkie Edge is expected in September 2017.
The Trust has a healthy balance sheet with an aggregate leverage of 35.2 percent as at July 14, 2017, which is well below the regulatory limit of 45 percent.
Shares were up 1 percent at S$1.705 at 0425 GMT on the Singapore Exchange.
