CapitaLand China Trust H1 DPU falls 1.6% to S$0.0245

[SINGAPORE] The distribution per unit (DPU) of CapitaLand China Trust (CLCT) fell by 1.6 per cent to S$0.0245 for its first half ended Jun 30, 2026, from S$0.0249 the year before, the manager reported on Wednesday (Aug 5).

Revenue was down 4.4 per cent at S$152.3 million for the half-year period, from S$159.2 million in the year-ago period.

This was mainly due to the absence of contribution from CapitaMall Yuhuating following its divestment in October 2025, as well as lower occupancy and rental rates at CapitaMall Xinnan, CapitaMall Grand Canyon and CapitaMall Aidemengdun.

The manager also cited lower performance from its business parks and logistics parks as a reason for the decline.

In actual Singapore dollar terms, net property income for H1 fell 2.5 per cent on the year to S$103.9 million from S$106.5 million.

Distributable income declined 0.6 per cent year on year to S$43.2 million from S$43.4 million.

The distribution will be paid out on Sep 9.

Gerry Chan, CEO of the manager, said: “Building on our portfolio rejuvenation efforts, we will continue to seek retail acquisition opportunities in Tier 1 and 2 cities, while exploring asset enhancement initiatives to drive value creation.”

“We also remain focused on curating a high-quality business and logistics park portfolio that delivers stable income while attracting tenants from growth-oriented sectors in line with China’s economic priorities,” he added.

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Retail portfolio occupancy rose to 97.3 per cent as at Jun 30, from 96.9 per cent a year earlier, while shopper traffic and tenant sales increased by 3.2 per cent and 2.6 per cent, respectively.

Occupancy for its logistics park portfolio rose to 99 per cent from 96.6 per cent the year before, while business park occupancy stood at 85.1 per cent.

Units of CLCT closed flat at S$0.655 on Tuesday.