CRCT's Q4 DPU dips 4.3% to 2.20 cents

CAPITARETAIL China Trust's (CRCT) distribution per unit (DPU) for the fourth quarter ended December dipped 4.3 per cent to 2.20 cents, despite income available for distribution rising 5.6 per cent to $17.7 million.

This was largely due to an enlarged base of issued units, due to payment of management fees, a preferential offering exercise completed in November last year, and payment of distribution via the distribution reinvestment plan. As at end FY2013, 803 million units were in issue, versus 748.9 million units.

Unitholders can expect to receive their DPU for Q4 along with their DPU of 2.13 cents for Q3, totalling 4.33 cents, on March 27.