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CRCT posts higher distributable income, lower distribution per unit for Q4 2013

Published on Jan 29, 2014 8:41 AM

CapitaRetail China Trust, which owns 10 malls in China, has recorded a 4.3 per cent fall in its distribution per unit (DPU) for the three months ended Dec 31 last year compared with the same period a year ago.

The Singapore-listed trust will pay 2.2 cents per unit for the fourth quarter, down from 2.3 cents the previous year.

But distributable income rose 5.6 per cent in the quarter from a year ago to $17.7 million.

Revenue was up 8.9 per cent in the period to $41.2 million, while net property income increased 6.6 per cent to $25.8 million.

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