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CICT reports 2HFY2021 DPU of 5.22 cents on enlarged base; FY2021 DPU of 10.40 cents

Felicia Tan
Felicia Tan1/28/2022 7:29 AM GMT+08  • 4 min read
CICT reports 2HFY2021 DPU of 5.22 cents on enlarged base; FY2021 DPU of 10.40 cents
Tony Tan, CEO of the manager says the REIT remains “cautiously optimistic” in its outlook for 2022 for three reasons. Here's why.
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The manager of CapitaLand Integrated Commercial Trust (CICT) has reported a distribution per unit (DPU) of 5.22 cents for the 2HFY2021 ended December, 8.9% lower y-o-y. This brings the DPU for the FY2021 to 10.40 cents, 19.7% higher y-o-y.

Distributable income for the 2HFY2021, however, grew 30.5% y-o-y to $338.8 million, largely driven by contribution from the assets under the former CapitaLand Commercial Trust (CCT) and 100% contribution from Raffles City after the merger with CCT in 2HFY2020.

The lower DPU for the period is likely due to the enlarged base from the 127.6 million new units issued under the REIT’s private placement to raise some $250.0 million of equity proceeds in December 2021.

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