Agent.sg / Property news / CapitaLand Retail China Trust's Q4 DPU slips 3.3% to 2.34 S cents

CapitaLand Retail China Trust's Q4 DPU slips 3.3% to 2.34 S cents

Fresh property news selection on February 07. 2020, Friday.

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Capitaland Retail China Trust (CRCT) on Friday posted a distribution per unit (DPU) of 2.34 Singapore cents for the fourth quarter ended Dec 31, down 3.3 per cent from 2.42 cents a year ago.

This was partially due to an enlarged unit base in Q4 2019 following a private placement and preferential offering in August and September 2019 respectively.

The year-ago DPU of 2.42 cents had also included a capital distribution which arose from a gain from divesting the stake in a company which held CapitaMall Anzhen. Excluding this capital distribution, DPU in Q4 2018 was 2.34 cents, the same as the latest DPU for Q4 2019.

Meanwhile, gross revenue for Q4 2019 grew 23.5 per cent to 347.2 million yuan (S$69.1 million) from 281 million yuan a year ago.

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