The manager of CapitaLand Commercial Trust (CCT) posted distribution per unit (DPU) of 2.00 cents for 3QFY2020 ended Sept 30, 9.1% lower than the 2.20 cents reported a year ago.
Gross revenue for 3QFY2020 fell 8.7% y-o-y to $94.7 million due to lower occupancies, asset enhancement works, lower non-rental revenue and rental waivers of some $0.9 million granted to tenants due to the Covid-19 pandemic in Singapore. In addition, CCT received no contribution from 21 Collyer Quay and Bugis Village during the quarter as the leases expired on April 30 and March 31, respectively.
