CRCT's Q4 DPU slips 3.3% to 2.34 S cents on enlarged unit base

Singapore

CAPITALAND Retail China Trust (CRCT) on Friday posted a distribution per unit (DPU) of 2.34 Singapore cents for the fourth quarter, down 3.3 per cent from 2.42 cents a year earlier. This was partially due to an enlarged unit base in Q4 2019 following a private placement in August and preferential offering in September.

The prior corresponding year's DPU of 2.42 cents had also included a capital distribution, which arose from a gain following the divestment of a stake in a company which held CapitaMall Anzhen. Excluding this capital distribution, DPU in Q4 2018 would have been 2.34 cents, the same as the latest DPU for Q4 2019.