Higher rents boost CaptiaRetail China Trust's Q4 performance

HIGHER rents helped CapitaRetail China Trust (CRCT) post strong fourth-quarter results today.

Distributable income came in at $16.8 million, up 7 per cent from a year earlier.

Net property income for the three months to Dec 31 increased 6 per cent to $24.2 million from the same period a year ago, while distribution per unit (DPU) inched up 0.02 cent to 2.3 cents.

Net property income for the full year grew 16.2 per cent to $99.7 million, with the biggest contribution from the trust's largest mall CapitaMall Xizhimen, in Beijing.