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CapitaLand China Trust H1 DPU falls 19.5% to S$0.0301 on lower revenue

Its revenue shrank on the back of reduced contribution from its logistics parks portfolio and its divestment of CapitaMall Shuangjing

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Samuel Oh
Megan Cheah

Samuel Oh &

Megan Cheah

Published Tue, Jul 30, 2024 · 08:32 AM
    • Rock Square, a shopping mall in Guangzhou owned by CapitaLand China Trust. CLCT's revenue fall was partially mitigated by higher revenue growth from the retail portfolio.
    • Rock Square, a shopping mall in Guangzhou owned by CapitaLand China Trust. CLCT's revenue fall was partially mitigated by higher revenue growth from the retail portfolio. PHOTO: BT FILE

    THE manager of real estate investment trust (Reit) CapitaLand China Trust (CLCT) on Tuesday (Jul 30) announced that the Reit’s distribution per unit (DPU) declined by 19.5 per cent to S$0.0301 for the first half ended Jun 30, from S$0.0374 in the corresponding year-ago period.

    This came from decreased revenue for the period, which came in at S$173 million in Singapore dollar terms, down 6.3 per cent from S$184.5 million year on year.

    In yuan terms, revenue slid 2.3 per cent to 925.9 million yuan, from 947.8 million yuan. The fall in Singapore dollars was higher because the yuan was weaker against the Singapore dollar.

    Capitaland China TrustFinancial results

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