- Despite lower interest costs, FY25 CapitaLand China Trust's DPU came in at 4.82 Singapore cents, which is a 14.7% reduction y-o-y and constituted 97.6% of our full year forecast. The quantum includes a one-off distribution of past divestment gains of 0.33 Singapore cents, without which core DPU would have been down 20.5%.
A disappointing set of results
- - Read this at SGinvestors.io -
Potentially better contributions from retail assets in FY26 post-AEIs
- - Read this at SGinvestors.io -
- Management shared that it is actively looking to acquire a retail asset in FY26 to replace the loss of income from CapitaMall Yuhuating. It is also concurrently assessing its portfolio to identify mature retail assets that may be injected into CapitaLand Commercial C-REIT (CLCR), though the process could take a year given the six-month moratorium post-CLCR’s listing as well as time needed to obtain the necessary regulatory approvals.
Focus remains on improving and stabilising occupancy at the new economy assets
- Read more at SGinvestors.io.
