Croesus Retail Trust posts DPU of 2.02 cents for Q2

Singapore

CROESUS Retail Trust (CRT), with a portfolio of four retail properties across Japan, posted a distribution per unit (DPU) of 2.02 cents for the second quarter of FY2014 ended Dec 31, 2013, 1.8 per cent higher than its IPO forecast of 1.98.

Gross revenue for Q2 was 1.29 billion yen, which is 1.2 per cent higher than the IPO forecast. Net property income was 805.87 million yen, 2.4 per cent higher than the IPO forecast.