Based on CLCT’s closing price of $1.05 on July 26, the annualised distribution yield for 1HFY2023 was 7.1%.
CapitaLand China Trust has reported lower distribution per unit of 3.74 cents for 1HFY2023, down 8.8% from 4.1 cents paid for 1HFY2022, no thanks to unfavourable forex movements.
If the RMB, in which the portfolio generates its income, has held steady against the reporting currency Singdollar, DPU over the same period would have been up 2.9% y-o-y instead, says CLCT.
