CCT's mixed 1Q results prompt analysts to cut DPU forecasts

SINGAPORE (April 30): CapitaLand Commercial Trust’s (CCT) mixed 1Q FY20 results have prompted analysts to lower their distribution per unit (DPU) forecasts amid the novel coronavirus (Covid-19) pandemic.

For one, CGS-CIMB has cut its FY20-21 DPU estimates by 12-14%.

This factors in CCT’s slower office leasing activities, provision of rent rebates for its retail tenants and longer downtime to fill its office vacancies.

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