CapitaLand Retail China Trust's Rock Square. (Photo: CapitaLand Retail China Trust)

CapitaLand Retail China Trust has reported a distribution per unit (DPU) of 2.37 Singapore cents for its 4Q 2017, unchanged from what was reported in the corresponding period of 2016.

The REIT’s gross revenue and net property income (NPI) for the quarter fell by 4.6% and 5.2% year-on-year to SGD54.1 million (USD41.3 million) and SGD33.0 million respectively, but distributable income increased by 6.8% to SGD22.0 million including gains from the divestment of Anzhen SPV.

Subsequently, the REIT’s DPU for FY 2017 came in 0.5% higher at 10.10 cents.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.