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CRCT reports 'encouraging signs' of recovery in 1Q business update

Stanislaus Jude Chan
Stanislaus Jude Chan4/23/2020 08:12 AM GMT+08  • 3 min read
CRCT reports 'encouraging signs' of recovery in 1Q business update
The manager says CRCT is in a “strong financial position” to ride through the challenges from Covid-19.
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SINGAPORE (Apr 23): The manager of CapitaLand Retail China Trust (CRCT), which operates around a dozen malls in China, has reported “encouraging signs” of recovery following the closure of malls and suspension of business activities from late January to curb the spread of the coronavirus outbreak.

The REIT did not report any financial figures, including distribution per unit (DPU), as it will adopt the announcement of half-yearly financial statements with effect from FY2020 ending December. CRCT’s next financial results announcement will be for the half-year period ending June 30.

CRCT will also conduct property valuation on an annual basis instead of a half-yearly basis.

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