CapitaRetail China Trust ready for asset growth; Q4 DPU up 12.7%

Singapore

CAPITARETAIL China Trust (CRCT) is now "geared for growth" where acquisitions are concerned, after reporting a 12.7 per cent year-on-year rise in distribution per unit (DPU) to 2.48 Singapore cents in the fourth quarter on the back of an overall strong portfolio income.

Tony Tan, chief executive officer of the Reit manager, said on Thursday that there are already some potential targets on the table, as owners become increasingly willing to sell their assets.

"We will assess carefully. We are in a good shape but we are also not in a hurry," he said, adding that it is a 50-50 chance as to whether an asset could be acquired from its sponsor, CapitaLand Retail Limited, o…