Croesus Q4 beats forecast
Distributable income of 707.4m yen 2.1% better than projected
Add BT as a preferred source
Mindy Tan
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CROESUS Retail Trust (CRT) posted a distributable income of 707.4 million yen (S$8.51 million) for the fourth quarter, beating its forecast by 2.1 per cent even though its gross revenue was hit by Japan's higher consumption tax rate.
For the three months ended June 30, gross revenue was 1.58 billion yen, short of its forecast of 1.6 billion yen by 0.9 per cent.
Net property income (NPI) for the quarter beat its forecast by 2.6 per cent at 1.02 billion yen. As a result, available distribution per unit (DPU ) was two Singapore cents, 2 per cent higher than its forecast of 1.96 Singapore cents.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
