Gross revenue for 3QFY2020 fell 8.7% y-o-y to $94.7 million due to lower occupancies, asset enhancement works, lower non-rental revenue and rental waivers of some $0.9 million granted to tenants due to the Covid-19 pandemic in Singapore. In addition, CCT received no contribution from 21 Collyer Quay and Bugis Village during the quarter as the leases expired on April 30 and March 31, respectively.
The manager of CapitaLand Commercial Trust (CCT) posted distribution per unit (DPU) of 2.00 cents for 3QFY2020 ended Sept 30, 9.1% lower than the 2.20 cents reported a year ago.
