CapitaLand Retail China Trust Q3 DPU up 0.4%

Earnings per unit was 6.31 Singapore cents, up from 2.13 Singapore cents a year ago. Net asset value per unit was S$1.63 as at Sept 30, down from S$1.65 as at Dec 31 last year.
Earnings per unit was 6.31 Singapore cents, up from 2.13 Singapore cents a year ago. Net asset value per unit was S$1.63 as at Sept 30, down from S$1.65 as at Dec 31 last year.PHOTO: BLOOMBERG

SINGAPORE - CapitaLand Retail China Trust has posted a distribution per unit (DPU) of 2.37 Singapore cents for e the third quarter, up 0.4 per cent from 2.36 Singapore cents in the same period a year ago.

Gross revenue in the three months to Sept 30 was S$56 million, up 10 per cent from a year ago.

Net property income jumped 9.7 per cent from a year earlier to S$36 million, driven mainly by the contribution from CapitaMall Xinnan - which was acquired on Sept 30 last year - as well as rental growth from the other multi-tenanted malls. This was partially offset by the divestment of CapitaMall Anzhen on July 1.

Income available for distribution rose 4.2 per cent to S$21.4 million.

Earnings per unit was 6.31 Singapore cents, up from 2.13 Singapore cents a year ago. Net asset value per unit was S$1.63 as at Sept 30, down from S$1.65 as at Dec 31 last year.