CapitaLand Commercial Trust posts 1Q DPU decline 11.7% to 2.12 cents due to enlarged total units base

SINGAPORE (Apr 24): CapitaLand Commercial Trust (CCT) reported a 11.7% drop in 1Q18 DPU to 2.12 cents compared to 2.40 cents in 1Q17.

This came in despite a 7.5% increase in distributable income at $76.6 million from $71.3 million a year ago. This was due to the trust retaining $1.6 million of its taxable income available for distribution to unitholders to be paid out later in FY18.

The trust is committed to distribute 100% of its taxable income available doe distribution to unitholders for FY18.

---

Related Stories

• Macquarie initiates coverage on 11 S-REITs after 'two false starts' for rate-cut rally
• Citi downgrades CICT to ‘neutral’ with higher TP of $2.21
• OUE REIT ready for growth after emerging stronger from rate hike cycle

---