CapitaRetail China's Q3 DPU falls 6.6%

CAPITARETAIL China Trust (CRCT) yesterday posted a distribution per unit (DPU) of 2.26 cents for the third quarter ended September, down 6.6 per cent from 2.42 cents a year earlier.

Based on an annualised DPU of 8.97 cents and CRCT's closing price of $1.395 per unit on Tuesday, the annualised distribution yield is 6.4 per cent.

Excluding the 57 million units issued through a private placement in October, DPU for Q3 would have been 2.44 cents, up 0.8 per cent from a year ago.