The increase was mainly attributed to CRT’s enlarged portfolio of income-producing properties with the acquisition of Fuji Grand Natalie in April 2016 and Mallage Saga and Feeeal Asahikawa in May 2016, coupled with higher variable rent from better tenant sales in Mallage Shobu and compensation from a tenant for early termination in Croesus Tachikawa.
SINGAPORE (May 15): The trustee-manager of of Croesus Retail Trust reported a DPU of 2.05 cents for 3Q17, 15.2% higher than the DPU of 1.78 cents a year ago.
For 3Q17, CRT reported gross revenue of JPY 3,019 million, up 22.4% from JPY 2,466 million in 3Q16.
