SINGAPORE (Aug 26): Croesus Retail Trust (CRT) is declaring a distribution per unit (DPU) of 1.70 cents for 4Q16, 6.9% higher compared to 4Q15’s restated DPU of 1.59 cents, reported its trustee-manager.

This brings DPU for the full year to 7.06 cents, 11.2% higher than the restated 6.35 cents a year ago.

In 4Q ended June, net property income (NPI) grew 19.4% to JPY 1.4 billion ($19 million) from JPY 1.2 billion in the previous corresponding period.

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