CRCT sees 41.4% fall in first-half DPU amid Covid-19 rental relief, closures

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CRCT sees 41.4% fall in first-half DPU amid Covid-19 rental relief, closures
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SINGAPORE (THE BUSINESS TIMES) - CapitaLand Retail China Trust (CRCT) on Wednesday (July 29) posted a distribution per unit (DPU) of 3.02 cents for the half year ended June 30, down 41.4 per cent from the year-ago DPU of 5.13 cents, after capital distribution.. Read more at straitstimes.com.

SINGAPORE - CapitaLand Retail China Trust on Wednesday posted a distribution per unit of 3.02 cents for the half year ended June 30, down 41.4 per cent from the year-ago DPU of 5.13 cents, after capital distribution.

Gross revenue for the China shopping mall real estate investment trust fell 7.8 per cent from a year ago to 511 million yuan in H1 2020. This was partially offset by contributions from CapitaMall Yuhuating, CapitaMall Xuefu and CapitaMall Aidemengdun which were acquired on Aug 30, 2019. Net property income dropped 17.9 per cent to 328.6 million yuan for the half year, down from 400 million yuan a year earlier.

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