CapitaRetail China Trust (CRCT) reported net property income of RMB94.2 million for 3Q 2010, 9.1% higher than the 3Q 2009. Gross revenue was up 4.5% at RMB 147.2m during the same period. The amount available for distribution is S$13.0 million….
Distribution per unit (DPU) for the quarter ended 30 September 2010 is 2.08
Singapore cents, a 3.0% yoy increase compared to 3Q 2009. Based on 19 Oct 2010 closing price of $1.24, this results in a distribution yield of 6.7%....
The Chairman of CRCTML, Mr Victor Liew commented that China’s retail sales of consumer products grew 18.2% yoy in the initial 8 months and the economy is expected to grow about 10.5% in 2010.CRCT has also secured the refinancing of S$200.5m of loans due in November 2010, extending the maturity period to 2013 and 2014 and will expect no refinancing needs in 2011.
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