China Crct Posts Tender

CAPITALAND Retail China Trust CRCT on Wednesday posted a distribution per unit DPU of 2.54 Singapore cents for the second quarter ended June 30 down 3.8 per cent from the year-ago DPU after capital distribution of 2.64 cents.Excluding capital distribution the year-ago DPU was 2.49 cents. The second quarter last year included a capital distribution of S1.5 million arising from the gain from the divestment of the stake in a company which held CapitaMall Anzhen.Gross revenue for the China shopping mall real estate investment trust Reit grew 1.9 per cent from a year ago to 274.9 million yuan S54.7 million for Q2 this year boosted by stronger rental growth from the core multi-tenanted malls.This was offset mainly by lower revenue in CapitaMall Grand Canyon and CapitaMall Qibao.