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CapitaCommercial Trust's Q2 DPU up 5.3%

Singapore's largest listed commercial REIT, CapitaCommercial Trust (CCT), on Friday reported a distribution per unit (DPU) of 2.18 cents for the second quarter ended June, up 5.3 per cent compared to a year ago.

SINGAPORE: Singapore's largest listed commercial REIT, CapitaCommercial Trust (CCT), on Friday reported a distribution per unit (DPU) of 2.18 cents for the second quarter ended June, up 5.3 per cent compared to a year ago.

Based on the REIT's closing price per unit of S$1.665 on July 17, its distribution yield is 5.1 per cent.

The estimated DPU for the first half of this year is 4.22 cents, up 5.2 per cent from the same period last year.

The value of CCT's Singapore properties as at June 30, excluding its joint venture interests in Raffles City Singapore and CapitaGreen, is about S$4.84 billion, up about 1.4 per cent from end-2013.

CCT forecasts potential upside in rentals, as office property supply is expected to remain low through to the first half of 2016.

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