CapitaLand Commercial Trust posts 4% drop in 2Q DPU to 2.16 cents on enlarged base

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SINGAPORE (July 19): The manager of CapitaLand Commercial Trust (CCT) has reported distribution per unit (DPU) of 2.16 cents for the 2Q ended June, some 4.0% lower than DPU of 2.25 cents a year ago.

This was mainly due to an enlarged base from the issue of 130.0 million new units for the equity placement to partially finance the acquisition of Gallileo during the quarter, as well as the rights issue in October last year, which saw 513.5 million units issued.

Adjusted with the enlarged units in issue, 2Q18 DPU would have been 14.3% higher than a year ago... (Click here to read the full story)