CapitaLand Commercial Trust Q1 DPU down 11.7%

Singapore

CAPITALAND Commercial Trust (CCT) posted a lower distribution per unit (DPU) of 2.12 Singapore cents for the first quarter from 2.40 Singapore cents the year before.

This was due to an enlarged number of CCT units arising from the issue of new units from a rights issue in October last year, conversion of convertible bonds in fiscal 2017, and the issue of units for management fees.