CRCT first-quarter DPU up 2.7%

Singapore

CAPITALAND Retail China Trust (CRCT) has announced a 2.7 per cent increase in distribution per unit (DPU) to 2.71 Singapore cents for the quarter ended March 31, 2016.

A weaker yuan, however, has eroded its returns. Gross revenue rose by 1.9 per cent to S$55.6 million, but if denominated in yuan, it was a larger 2.5 per cent increase to 256.5 million yuan.