Croesus Retail Trust's Q3 DPU up 8% at 1.9 S cents

Singapore

CROESUS Retail Trust, a property trust focused on Japanese malls, on Thursday reported a distribution per unit (DPU) of 1.9 Singapore cents for its third quarter ended March 31, 2015, an 8 per cent increase from the 1.76 Singapore cent DPU recorded in the corresponding period last year, and a 2.7 per cent increase from its forecast of 1.85 Singapore cents.

The retail Reit which listed in May 2013 generated a net property income (NPI) of 1.16 billion yen (S$12.89 million), 24.5 per cent higher than the 933.7 million yen in the year-ago period and 43.4 per cent higher than its forecast of 811.1 million yen.