CRCT's DPU up 4.4% in Q4
Add BT as a preferred sourceCAPITALAND Retail China Trust (CRCT) on Thursday posted a distribution per unit (DPU) of 2.59 Singapore cents for its fourth quarter ended Dec 31, 2015, 4.4 per cent higher what it paid out a year ago.
Gross revenue rose 6.7 per cent to S$56.2 million, while net property income rose 5.2 per cent to S$35.3 million, thanks to rental growth mainly from CapitaMall Qibao and CapitaMall Saihan.
The trust's performance in Singapore dollar (SGD) terms was stronger than in yuan terms, due to a stronger yuan against the SGD over the period.
Full-year DPU came in at 10.60 cents, an increase of 7.9 per cent over the 9.82 cents for FY14.
Based on CRCT's closing price of S$1.46 on Feb 3, 2016, the distribution yield for FY15 was 7.3 per cent.
Unitholders can expect to receive their DPU of 2.59 cents for Q4, along with their DPU of 2.64 cents for Q3, totalling 5.23 cents, on March 30, 2016. The book closure date is Feb 16, 2016.
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