CICT H1 DPU up 7.1% at S$0.0602, bolstered by CapitaSpring and Gallileo tower in Germany
NPI rises 8.7% to S$630.5 million; trust acquired Paragon in July while Asia Square Tower 2 sale to be completed in H2
The distribution per unit (DPU) of CapitaLand Integrated Commercial Trust (CICT) for the first half of 2021, ending June, has increased by 7.1% to S$0.0602, as reported by the company on August 12. This rise in DPU can be attributed to an advance distribution of S$0.0398 paid on June 8, as well as a remaining distribution of S$0.0204 scheduled for September 25.
The increase in DPU is also supported by a lower interest expense and stronger operating performance. The DPU increase occurred despite an expanded unit base, which saw a growth of 5.8% year-on-year to approximately 7.7 billion units.
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