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CapitaLand Commercial Trust reports 9.1% lower DPU of 2 cents for 3Q, trust scheme of arrangement effective Oct 21

Felicia Tan
Felicia Tan10/21/2020 07:07 AM GMT+08  • 4 min read
CapitaLand Commercial Trust reports 9.1% lower DPU of 2 cents for 3Q, trust scheme of arrangement effective Oct 21
Unitholders can expect the clean-up distribution to be paid by Nov 30.
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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.

See also: CapitaLand Commercial Trust files court application to sanction trust scheme; Moody's downgrades CapitaLand Mall Trust to A3

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.

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