Home Capital Results

CapitaLand Commercial Trust posts 4% drop in 2Q DPU to 2.16 cents on enlarged base

Stanislaus Jude Chan
Stanislaus Jude Chan7/19/2018 08:12 AM GMT+08  • 3 min read
CapitaLand Commercial Trust posts 4% drop in 2Q DPU to 2.16 cents on enlarged base
SINGAPORE (July 19): The manager of CapitaLand Commercial Trust (CCT) has reported distribution per unit (DPU) of 2.16 cents for the 2Q ended June, some 4.0% lower than DPU of 2.25 cents a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 19): The manager of CapitaLand Commercial Trust (CCT) has reported distribution per unit (DPU) of 2.16 cents for the 2Q ended June, some 4.0% lower than DPU of 2.25 cents a year ago.

This was mainly due to an enlarged base from the issue of 130.0 million new units for the equity placement to partially finance the acquisition of Gallileo during the quarter, as well as the rights issue in October last year, which saw 513.5 million units issued.

Adjusted with the enlarged units in issue, 2Q18 DPU would have been 14.3% higher than a year ago.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.