CapitaLand Commercial Trust Q1 DPU down 25% to 1.65¢
Add BT as a preferred source
Sharanya Pillai
Singapore
CAPITALAND Commercial Trust (CCT) posted a 25 per cent fall in distribution per unit (DPU) to 1.65 Singapore cents for the first quarter ended March 31, due to its retention of taxable distributable income and its decision to withhold distribution of tax-exempt income "as a matter of prudence" amid the Covid-19 outbreak.
Its gross revenue for the quarter inched up 3.8 per cent to S$103.6 million, driven by Main Airport Center, a freehold multi-tenanted office building near the Frankfurt International Airport, which was acquired in September 2019.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
