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Croesus Retail Trust Q4 DPU rises to 1.7 cents

This is despite profit falling 21.8% to 4.4b yen

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NEW ACQUISITION: Feeeal Asahikawa mall is one of four yield-accretive retail assets which the trust acquired in Japan in FY16

Singapore

CROESUS Retail Trust's distribution per unit (DPU) for the fourth quarter ended June 30, 2016, rose to 1.7 Singapore cents, from 1.59 cents a year ago, as topline was bolstered by contributions from recent acquisitions.

This was despite net profit falling 21.8 per cent to

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