CRCT raises second-quarter DPU to S$0.0264

Singapore

CAPITALAND Retail China Trust's (CRCT) distribution per unit (DPU) increased 0.8 per cent to 2.64 Singapore cents for the second quarter ended June 30 from 2.62 cents a year ago on the back of new contribution from the Rock Square mall in Guangzhou.

If year-ago results were restated to account for a private placement exercise in December 2017 that issued 64.4 million new units to part finance the acquisition of Rock Square, DPU would have risen 8.2 per cent from 2.44 Singapore cents, the China-focused mall trust announced on Friday.