CapitaRetail China Trust's Q1 DPU up 3.9%

FOR the first quarter of this year ended March 31, CapitaRetail China Trust (CRCT) marked a 3.9 per cent increase in distribution per unit (DPU) to 2.4 cents, due mainly to new contribution from CapitaMall Grand Canyon, as well as stronger tenant sales and rentals in its existing malls.

This translates to an annualised yield of 6.7 per cent based on the closing price of units on Wednesday.

Distribution income for the period grew 13.2 per cent year-on-year to $19.6 million.