The retained amount follows the recent lockdowns in Shanghai and the mandatory closures of shopping malls in China due to the resurgence of Covid-19.
The manager of CapitaLand China Trust (CLCT) has reported a distribution per unit (DPU) of 4.10 cents for the 1HFY2022 ended June.
The DPU is 3.1% lower than the DPU of 4.23 cents in the corresponding period the year before as the REIT manager has opted to retain $3.6 million of the distributable income to unitholders for “financial flexibility”.
