CICT posts 1.7% rise in H2 DPU to S$0.0545

CAPITALAND Integrated Commercial Trust (CICT) on Tuesday (Feb 6) posted a distribution per unit (DPU) of S$0.0545 for the second half ended December, up 1.7 per cent from S$0.0536 in the previous corresponding period.

This came as gross revenue rose, helped by higher rental and occupancy rates, which supported a rise in net property income (NPI).

Gross revenue was up 4.1 per cent to S$785.2 million for the half-year period, from S$754.1 million in the year-ago period.