The manager of CapitaLand China Trust (CLCT), formerly known as CapitaLand Retail China Trust (CRCT) has declared distribution per unit (DPU) of 3.33 cents for the 2HFY2020 ended December, representing 30.2% lower than DPU of 4.77 cents reported in the same period a year ago.
This brings FY2020 DPU to 6.35 cents, 35.9% lower than the 9.90 cents posted a year ago after capital distribution.
2HFY2020 distributable income stood at $42.7 million, 22.8% lower y-o-y, albeit 15.2% higher h-o-h as it included the release of $1.8 million income retailed in 1HFY2020. The distributable income also includes the $1.8 million of compensation received by CapitaMall Erqi received in FY2019. The higher h-o-h figures were also attributable to the improved business conditions in China during the second half of the year.
