DESPITE the economic recession weighing on the property market, some Singapore-listed real estate investment trusts (Reit) that posted their results yesterday maintained or raised their payouts for the quarter ended June compared to a year ago. CapitaRetail China Trust Distribution per unit (DPU) in the second quarter rose 14.1 per cent from a year earlier to 1.94 cents. Distributable income was $12...
CapitaRetail China Trust
CapitaRetail China Trust (CRCT) reported that its distribution per unit (DPU) in the second quarter rose 14.1 per cent to 1.94 cents. The DPU announced is higher than the 1.7 cents DPU reported over the same period last year. Distributable income for the three months to June was S$12 million, 14.2 per cent higher than last year's S$10.5 million. Higher earnings came about as net property income grew by...