PCRT's DPU remains at 0.95 cent

PERENNIAL China Retail Trust (PCRT) yesterday announced a distribution per unit (DPU) of 0.95 Singapore cent for the second quarter ending June 30. This brings H1 DPU to 1.90 Singapore cents.

Distributable income for Q2 is similar to that for Q2 2013, at roughly S$10.9 million.

The distribution is essentially paid from the trust's earn-out fund. Having withdrawn another $10.9 million this quarter, there is S$26.4 million left for H2 2014. DPU is likely to take a hit after the income support expires …