Weak yuan hits CRCT's Q3 DPU

Singapore

DRAGGED by a weaker yuan in which it clocked its revenue, CapitaLand Retail China Trust (CRCT) reported a 10.6 per cent fall in distribution per unit (DPU) from a year ago to 2.36 Singapore cents.

Its gross revenue of 248.79 million yuan was 1.2 per cent lower than a year ago, largely attributable to two malls, CapitaMall Minzhongleyuan in Wuhan and CapitaMall Wuhu, which continued to be affected by road closure and tenant mix adjustments respectively.