Croesus posts higher Q2 DPU on the back of enlarged portfolio

Singapore

CROESUS Retail Trust (CRT) announced a distribution per unit (DPU) of 1.81 Singapore cents for the second quarter ended Dec 31, 2016, up 1.1 per cent from 1.79 Singapore cents a year ago.

But, said CRT, the year-ago DPU was 1.72 Singapore cents if restated to reflect an enlarged unit base arising from a preferential offering of 27.68 million units in August 2016. This would have meant a year-on-year DPU increase of 5.2 per cent.