The manager of CapitaRetail China Trust (CRCT) announced that it recorded distributable income of $19.6 million for the period from 1 January to 31 March 2014 (1Q 2014), an increase of 13.2% over the $17.3 million for 1Q 2013.
Distribution per unit (DPU) for 1Q 2014 was 2.40 cents, an increase of 3.9% from a year ago. On a quarter-on-quarter basis, DPU for 1Q 2014 grew 9.1% over 4Q 2013, as CapitaMall Grand Canyon made its first full quarter contribution.
Based on an annualised DPU of 9.73 cents and CRCT’s closing price of $1.46 per unit on 23 April 2014, the annualised distribution yield for 1Q 2014 was 6.7%.
Thursday, April 24, 2014
CapitaRetail China Trust's announces 1Q DPU of $19.6 mil
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