REAL Estate Investment Trust (REIT) Quill Capita Trust (QCT) has reported a RM19.27 million distributable income for the financial year ended December 31 2007, 34.5 per cent higher than its initial public offer (IPO) forecast of RM14.32 million.This translates to a distribution per unit of 6.46 sen, 7.7 per cent higher than 6 sen projected. For the period under review, the trust registered an RM31.38 million gross revenue, 31.6 per cent more than its IPO estimate of RM23.85 million.Quill Capita Management Sdn Bhd chief executive officer Chan Say Yeong said the higher distributable income was mainly due to rental from Wisma Technip and commercial units of Plaza Mont' Kiara, and lower interest expense.
(18-1-2008 New Straits Times)
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