CICT’s H2 DPU up 2.7% to S$0.0536; market watchers mostly optimistic despite earnings miss
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CAPITALAND Integrated Commercial Trust’s (CICT) distribution per unit (DPU) for the half year ended December 2022 rose 2.7 per cent year on year to S$0.0536, compared with S$0.0522 from FY2021.
The real estate investment trust’s (Reit) H2 FY2022 DPU was slightly lower than consensus estimates, as higher financing expenses offset gains from higher rental income and contributions from acquisitions.
“I know (DPU) is below market consensus, but I think we’ve done a little bit of things and hopefully going forward we’ll see some improvement from there,” said Tony Tan, chief executive of the Reit manager, at a briefing accompanying the results announcement on Wednesday (Feb 1).
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