CapitaLand China Trust posts 8.8% drop in H1 DPU to S$0.0374

CAPITALAND China Trust ’s (CLCT) distribution per unit (DPU) fell by 8.8 per cent to S$0.0374 for its first half ended June, from S$0.0410 the year before.

The financials of the real estate investment trust (Reit) for the six-month period took a hit from foreign currency translation, as the Singapore dollar grew stronger against the yuan, the manager said on Thursday (Jul 27).

Gross revenue fell 7.4 per cent to S$184.5 million from S$199.3 million in the year-ago period. In yuan terms, gross revenue was up 0.8 per cent on the year to 947.8 million yuan (S$175.5 million) supported by stronger performance in the Reit’s retail portfolio.