CapitaRetail China Trust achieves 1Q DPU of 2.15 cents

CapitaRetail China Trust announced today a net property income (NPI) of RMB106.6 million ($20.3 million) for 1Q 2011, an increase of 13.6% over the same period last year. Income available for distribution was $13.5 million, up 1.0% compared to 1Q 2010.
Distribution per unit (DPU) for 1Q 2011 is 2.15 cents, an increase of 0.5% over 1Q 2010. Based on annualised DPU of 8.72 cents and CRCT’s closing price of $1.27 per unit on 14 April 2011, annualised distribution yield is 6.9%.