CICT posts H1 DPU of 5.18 Singapore cents; manager still sees interest for retail space
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CAPITALAND Integrated Commercial Trust C38U (CICT), formerly known as CapitaLand Mall Trust, has posted a 75-per-cent increase in distribution per unit (DPU) to 5.18 Singapore cents for the first half ended June 30, from 2.96 cents for the year-ago period.
The increase was largely driven by contribution from CapitaLand Commercial Trust (CCT) assets and 100 per cent contribution from Raffles City Singapore, following the merger with CCT in Q4 2020. The H1 DPU will be paid out on Sept 9.
At a briefing following the release of the results, Tony Tan, chief executive of CICT's manager, said the Reit also sees good demand for its retail spaces.
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