Distributable income for the quarter fell 20.4% y-o-y to $65.6 million due to lower income from properties in Singapore that were affected by upgrading works, lower occupancies, and rental waivers of $2.3 million to tenants. This was partially offset by contributions from Main Airport Center that was acquired in September 2019.
The manager of CapitaLand Commercial Trust (CCT) has reported a distribution per unit (DPU) of 1.69 cents for 2Q20 ended June.
This translates to a 23.2% fall from the DPU of 2.20 cents registered in 2Q19.
