Gross revenue in 3Q17 fell 0.4% to $74.1 million over the quarter from $74.4 million in the previous year, due to the absence of income following CCT’s divestments of its 50% stake in One George Street in June, as well as its divestments of Golden Shoe Car Park and Wilkie Edge in July and Sept respectively.
SINGAPORE (Oct 20): The manager of CapitaLand Commercial Trust (CCT) has declared a distribution per unit (DPU) of 2.36 cents for 3Q17, up 2.6% from 2.30 cents a year ago on lower operating expenses, stronger performance from CapitaGreen as well as a one-off gain.
However, the trust is estimated to have an adjusted DPU of 2.02 cents, up 6.9% from 1.89 cents in 3Q16, after taking into consideration an enlarged units base with an additional 513 million CCT units following its rights issue.
