CCT Q3 DPU falls 9.1% to S$0.02; expected to delist on Nov 3

Singapore

CAPITALAND Commercial Trust (CCT) on Wednesday posted a 9.1 per cent fall in its third-quarter distribution per unit (DPU) to two Singapore cents, from 2.2 Singapore cents a year earlier.

Gross revenue was down 8.7 per cent at S$94.7 million for the three months ended Sept 30, compared to S$103.8 million a year earlier.

For the quarter under review, all the operating properties of the real estate investment trust (Reit) in Singapore, except for CapitaGreen, saw a drop in earnings.

This was due to asset enhancement works, lower occupancies, lower non-rental revenue and rental waivers granted to tenants in view of the Covid-19 pandemic, CCT's manag…

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