24 Oct '17, 1am

#CapitaLand Retail China Trust 3Q 2017 NPI up 9.7% y-o-y; DPU up 0.4% at 2.37 Singapore cents #CRCT

Singapore, 23 October 2017 – CapitaLand Retail China Trust Management Limited (CRCTML), the manager of CapitaLand Retail China Trust (CRCT), announced today that it achieved net property income (NPI) of S$36.0 million for the period 1 July to 30 September 2017 (3Q 2017), an increase of 9.7% over the S$32.8 million in 3Q 2016. For the period 1 January to 30 September 2017 (YTD Sep 2017), NPI rose 10.7% to S$116.2 million from S$105.0 million a year ago. The increase in NPI was mainly driven by the contribution from CapitaMall Xinnan – which was acquired on 30 September 2016 – and rental growth from the other multi-tenanted malls, partially offset by the divestment of CapitaMall Anzhen with effect from 1 July 2017 . Distributable income for 3Q 2017 was S$21.4 million, an increase of 4.2% over the S$20.5 million a year ago. Distribution per unit was 2.37 Singapore cents, 0.4%...

Full article: https://www.capitaland.com/international/en/about-capital...

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