CCT posts lower 1Q DPU of 1.65 cents amid Covid-19 pandemic

SINGAPORE (April 29): Amid the novel coronavirus (Covid-19) pandemic, CapitaLand Commercial Trust (CCT) has reported a mixed set of results for the first quarter ended March 31.

CCT’s distributable income tumbled 23% y-o-y to $63.7 million from $82.7 million.

This translated to a distribution per unit (DPU) of 1.65 cents, down 25%, from 2.20 cents a year ago.

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