CRCT's DPU up 4.4% in Q4
CAPITALAND Retail China Trust (CRCT) on Thursday posted a distribution per unit (DPU) of 2.59 Singapore cents for its fourth quarter ended Dec 31, 2015, 4.4 per cent higher what it paid out a year ago.
Gross revenue rose 6.7 per cent to S$56.2 million, while net property income rose 5.2 per cent to S$35.3 million, thanks to rental growth mainly from CapitaMall Qibao and CapitaMall Saihan.
The trust's performance in Singapore dollar (SGD) terms was stronger than in yuan terms, due to a stronger yuan against the SGD over the period.
Full-year DPU came in at 10.60 cents, an increase of 7.9 per cent over the 9.82 cents for FY14.
Based on CRCT's closing price of S$1.46 on Feb 3, 2016, the distribution yield for FY15 was 7.3 per cent.
Unitholders can expect to receive their DPU of 2.59 cents for Q4, along with their DPU of 2.64 cents for Q3, totalling 5.23 cents, on March 30, 2016. The book closure date is Feb 16, 2016.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
DBS customers unable to log into digibank, PayLah! on Thursday
US: Wall St opens higher after Fed leaves interest rates alone
Japan’s Sumitomo Corp net profit down 32% on Madagascar one-off loss
Moody's tops quarterly profit estimates on strong product demand