CapitaLand China Trust posts 24.4% drop in H2 DPU to S$0.034

CAPITALAND China Trust (CLCT) on Friday (Feb 3) posted a 24.4 per cent year-on-year drop in distribution per unit (DPU) to S$0.034 for its second half ended Dec 31, 2022, from S$0.045 a year earlier.

The lower DPU came despite the real estate investment trust (Reit) releasing in H2 2022 S$3.6 million from the amount available for distribution to unitholders previously retained in H1.

Distributable income fell 20.3 per cent year on year to S$56.9 million from S$71.4 million, impacted by lower retail performance, higher interest expenses as well as the absence of one-off proceeds, said the Reit’s manager.