CapitaLand Retail China Trust (CRCT) announced a FY15 distribution per unit (DPU) of 10.6 cents, an increase of 7.9%.
Based on CRCT’s closing price of $1.46 on Feb 3, the distribution yield was 7.3%.
For the 12 months to December, the trust reported a 10.3% increase in distributable income to $89.2 million.
Gross revenue for FY15 increased by 8.4% to $220.33 million while net property income grew 6.6% to $141.1 million. This was largely due to a stronger RMB against SGD.
The manager says portfolio occupancy remained high at 95.1% as at end-December, while rental reversion for the full year was 8.1%.
Annual tenants’ sales increased 11.6% and shopper traffic rose 1.8% y-o-y.
Units in CRCT ended 3.63% lower at $1.46 on Wednesday.
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Based on CRCT’s closing price of $1.46 on Feb 3, the distribution yield was 7.3%.
For the 12 months to December, the trust reported a 10.3% increase in distributable income to $89.2 million.
Gross revenue for FY15 increased by 8.4% to $220.33 million while net property income grew 6.6% to $141.1 million. This was largely due to a stronger RMB against SGD.
The manager says portfolio occupancy remained high at 95.1% as at end-December, while rental reversion for the full year was 8.1%.
Annual tenants’ sales increased 11.6% and shopper traffic rose 1.8% y-o-y.
Units in CRCT ended 3.63% lower at $1.46 on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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