CapitaRetail China Trust (CRCT) has reported higher distribution per unit (DPU) of 2.41 Singapore cents for the second quarter of 2012. This is an increase of 12.1 per cent over the 2.15 cents in the same period last year. Gross revenue for the three months ending June 30 increased 24.3 per cent year-on-year to S$38.1 million, while net property income was up 20.9 per cent year-on-year to S$24.9 million....
CapitaRetail China Trust
Shares of CapitaRetail China Trust rose 3.9 per cent on Friday after the company posted a near-10 per cent hike in income for the fourth quarter. The shopping mall owner said it is aiming to at least match the result this year and it is on the lookout for acquisitions. CapitaRetail China Trust owns nine shopping malls in China, which it estimates will become the world's second biggest consumer market by...
Mainboard-listed CapitaRetail China Trust (CRCT) announced yesterday net property income of 108.1 million yuan (S$20.6 million) for the second quarter, an increase of 11.3 per cent from the corresponding period last year. But CRCT's performance in Singapore dollar terms was much lower, rising only 4.1 per cent as a result of the strength of the local unit versus its Chinese counterpart. Gross revenue was...
CapitaRetail China Trust (CRCT) is acquiring New Minzhong Leyuan Mall - a mall in Wuhan's shopping and entertainment belt - for RMB 395 million (S$76 million) from The Ascott Holdings. Both CRCT and The Ascott Holdings are units of property developer CapitaLand. The mall has a net property income (NPI) yield of 8.1 per cent compared to the NPI of 7 per cent for CRCT's entire portfolio. CRCT's entire...
Mainboard-listed CapitaRetail China Trust (CRCT) said its distribution per unit (DPU) rose 1.5 per cent in the fourth quarter to 2.07 cents, from 2.04 cents announced over the same period a year ago. Net property income over the period dipped 1.4 per cent on-year to $18.8 million, mainly due to increase in marketing and utility expenses, and higher provision for staff-related costs. Distributable income...
Mainboard-listed CapitaRetail China Trust (CRCT) said on Wednesday that its distribution per unit (DPU) rose in the third quarter. DPU for the third quarter was 2.08 cents, three per cent higher than the 2.02 cents announced over the same period a year ago. Net property income over the period showed a 4.3 per cent on-year increase to S$19 million. This was largely attributed to better performance at...
CapitaRetail China Trust (CRCT) said its distribution per unit or (DPU) increase to 2.07 Singapore cents in the second quarter. That's up 6.7 per cent on-year from the DPU of 1.94 Singapore cents compared to same period a year ago. Net property income over the period rose slightly 1.9 per cent on-year to S$19.8 million. CRCT's distributable income also rose some 7.3 per cent on-year to S$12.9...
CapitaRetail China Trust said its first-quarter distribution per unit stood at 2.14 cents. This was unchanged from a year ago but up almost five per cent from the previous quarter. Distributable income in the three months ended March 31 edged up 0.26 per cent on-year to S$13.34 million. CapitaRetail China Trust said the higher revenue is due to higher rental at Xinwu Mall and contribution from Beijing...
CapitaRetail China Trust will pay 8.14 cents per unit for the full year 2009, up 8.1 per cent from a year ago. Its distributable income for the year rose 11.6 per cent on-year to S$51.2 million, while net property income went up 5.4 per cent. Chinese consumers continued to spend through the global recession last year, and that helped sales of consumer goods in China, excluding cars, to grow about 14 per...
CapitaRetail China Trust (CRCT) said on Friday that its third quarter distribution per unit (DPU) is 2.02 cents. This is 0.5 per cent higher than the 2.01 cents DPU announced over the same period last year and 4.5 per cent more than the previous quarter's DPU. Distributable income for the period ended in September is S$12.6 million, 1 per cent more than last year's S$12.4 million. Net property income was...