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Croesus Q2 DPU slides despite higher earnings
Acquisition of two malls in Japan boosts income, but rights issue enlarges unit base; CFO says negative rates could be a boon for borrowing costs going forward
Add BT as a preferred sourcePublished Thu, Feb 11, 2016 · 09:50 PM
Singapore
THE acquisition of two malls in Japan gave a lift to earnings for Croesus Retail Trust in its second quarter. However, distributions fell due to an enlarged unit base after a rights issue.
Distribution per unit (DPU) for the three months ended Dec 31, 2015, was 1.79 Singapore cents, compared to 2.08 Singapore cents the previous year.
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