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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

Published 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.

This came after some 114.2 million…

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