Croesus available DPU for Q3 up 15.2%

Singapore

CROESUS Retail Trust's third-quarter available distribution per unit rose 15.2 per cent to 2.05 Singapore cents on the back of recent acquisitions and improved tenant sales.

Croesus, a real estate investment trust that is focused on Japanese malls, posted a 25.4 per cent increase in distributable income, to 1.28 billion yen (S$15.77 million), for the three months ended March 31. For the nine-month period, income available for distribution was 3.61 billion yen, and available distribution per unit was 5.65 Singapore cents.