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CapitaLand Retail China Trust declares 0.4% higher 1Q DPU of 2.75 cents

PC Lee
PC Lee4/26/2018 06:49 PM GMT+08  • 2 min read
CapitaLand Retail China Trust declares 0.4% higher 1Q DPU of 2.75 cents
SINGAPORE (Apr 26): The manager of CapitaLand Retail China Trust (CRCT) has declared a distribution per unit of 2.75 cents for 1Q18, 0.4% higher than the 2.74 cents declared in 1Q17.
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SINGAPORE (Apr 26): The manager of CapitaLand Retail China Trust (CRCT) has declared a distribution per unit of 2.75 cents for 1Q18, 0.4% higher than the 2.74 cents declared in 1Q17.

Based on CRCT’s closing price of $1.55 on Thursday, the annualised distribution yield for the quarter was 7.2%.

Gross revenue in 1Q18 decreased by 7.9% to $55.4 million mainly due to loss of contribution from CapitaMall Anzhen which was divested with effect from July 1 2017. Lower revenue at CapitaMall Grand Canyon was due to restriction to some trading activities at the atrium, and has been mitigated by the savings in operating expenses, while CapitaMall Minzhongleyuan was affected by lower occupancy as a result of ongoing tenant mix adjustments.

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