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CapitaLand China Trust’s H2 DPU falls 12% to S$0.0264

The distribution will be paid out on Mar 27, after the record date on Feb 14

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Jessie Lim
Crystal Heng

Jessie Lim &

Crystal Heng

Published Thu, Feb 6, 2025 · 08:37 AM
    • The fall in revenue is partially offset by improved performance in CapitaMall Grand Canyon, Rock Square (pictured) and CapitaMall Yuhuating, following the completion of asset enhancement initiatives.
    • The fall in revenue is partially offset by improved performance in CapitaMall Grand Canyon, Rock Square (pictured) and CapitaMall Yuhuating, following the completion of asset enhancement initiatives. PHOTO: CAPITALAND CHINA TRUST

    THE manager of CapitaLand China Trust (CLCT) on Thursday (Feb 6) posted a 12 per cent decline in distribution per unit (DPU) to S$0.0264 for the second half ended Dec 31, from S$0.03 in the year-ago period.

    This brings total DPU for FY2024 to S$0.0565, down 16.2 per cent year on year (yoy) from S$0.0674, and was attributed to an enlarged unit base. Based on the closing price of S$0.73 per unit on Wednesday, CLCT’s distribution yield for the full year was 7.7 per cent.

    The decline in DPU in H2 2024 has narrowed from a 19.5 per cent drop for the first half, said Gerry Chan, chief executive officer of CapitaLand China Trust’s manager.

    Financial resultsCapitaLand China TrustCorporate earningsChina

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