SINGAPORE (Oct 30): The manager of CapitaLand Retail China Trust (CRCT) has announced a 3Q18 DPU of 2.41 cents after accounting for an enlarged unit base, post CRCT’s Dec 2017 private placement to finance its joint acquisition of Rock Square.

The latest quarterly DPU represents a 1.7% increase from CRCT’s of 2.37 cents a year ago, or an increase of 8.6% when compared to 3Q17’s adjusted DPU of 2.22 cents.

Gross revenue for 3Q fell 1.1% to $55.35 million due to lower contributions from the trust’s multi-tenanted mall CapitaMall Grand Canyon, as well as its two malls under stabilisation, CapitaMall Minzhongleyuan and CapitaMall Wuhu.

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