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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

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

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