Tuesday, November 6, 2012

Perennial China Retail Trust posts Q3 DPU of 0.97 cent

Perennial China Retail Trust (PCRT) said its distribution per unit (DPU) for the third quarter ended Sept 30, 2012 was at 0.97 cent. On an annualised basis, the available DPU was at 3.86 cents.

Distributable income was $10.68 million, above PCRT’s forecast.

The conversion of Shenyang Red Star Macalline furniture operator to master lease helped enhance its income stability, said PCRT.

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