CapitaLand China Trust H1 DPU falls 17.3% to S$0.0249

[SINGAPORE] CapitaLand China Trust’s (CLCT) distribution per unit (DPU) for the six months ended Jun 30 fell 17.3 per cent to S$0.0249, from S$0.0301 in the year-ago period.

This was due to lower net property income (NPI) and a weaker renminbi against the Singapore dollar, which was partially offset by savings in finance costs.

Including contributions from CapitaMall Yuhuating, which were retained in view of its divestment to CapitaLand Commercial China Real Estate Investment Trust (CLCR) as a seed asset, DPU would have been S$0.0259, said the manager on Wednesday (Jul 30).