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CapitaRetail China Trust's unit price gets earnings boost

Published on Jul 24, 2014 6:48 PM

SINGAPORE - A healthy set of second-quarter results gave a slight boost to CapitaRetail China Trust (CRCT) unit prices on Thursday.

The real estate investment trust (reit) owns 10 shopping malls across six cities in China, including Beijing and Shanghai.

CRCT units closed 3.5 cents higher at $1.615 on Thursday as it posted a distribution per unit (DPU) of 2.59 cents for the three months to June 30, 8.8 per cent higher than in the preceding year.

Distributable income rose 18.7 per cent to $21.3 million for the period while net property income jumped 29.5 per cent from the preceding year to $34.2 million.

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