JV contributions help CCT lift DPU for second quarter
Trust's portfolio occupancy rate of 97.2% remains higher than market rate of 95.1% during the quarter
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Singapore
BOOSTED by higher contributions from joint ventures, CapitaLand Commercial Trust (CCT) reported a distribution per unit (DPU) of 2.20 Singapore cents for the second quarter of FY2016, up slightly from 2.19 cents a year ago.
Distribution to unitholders clocked S$65.09 million, or one per cent higher year-on-year, despite lower net property income. This was due to more distributions received from CCT's 40 and 60 per cent interests in CapitaGreen and Raffles City Singapore respectively.
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