CLCT’s H2 DPU falls 11.8% to S$0.03 on slightly enlarged unit base, distribution reinvestment plan

CAPITALAND China Trust (CLCT) on Tuesday (Jan 30) posted an 11.8 per cent decline in distribution per unit (DPU) to S$0.03 for the second half ended Dec 31, 2023, from S$0.034 in the same period the previous year.

This was due to a slightly enlarged unit base owing to management fees, and its distribution reinvestment plan, which was turned on for the 2022 and 2023 financial years.

There was also an absence of a one-off distribution paid out in the same period in 2022. In H2 2022, the manager released S$3.6 million in distributable income – which was retained in H1 of that same year – to unitholders.