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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

Nisha Ramchandani

Published Wed, Jul 20, 2016 · 09:50 PM

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 ce…

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