[teaserteam]

Di Di lo.. today another 4% . Was 1.27 about 10 days ago.. now 1.14 or lose 13 cts or 10%. Thought China opened up, everything will look bright for Capitaland China. What happened?
Luck not buy yet.

[teaserteam]

Han cheng very bad in China? Cut DPU?

CapitaLand China Trust posts 24.4% drop in H2 DPU to S$0.034
06 Feb 2023 09:00
By Jude Chan and Bernadette Toh

CAPITALAND China Trust (CLCT) on Friday (Feb 3) posted a 24.4 per cent year-on-year drop in distribution per unit (DPU) to S$0.034 for its second half ended Dec 31, 2022, from S$0.045 a year earlier.

The lower DPU came despite the real estate investment trust (Reit) releasing in H2 2022 S$3.6 million from the amount available for distribution to unitholders previously retained in H1.

Distributable income fell 20.3 per cent year on year to S$56.9 million from S$71.4 million, impacted by lower retail performance, higher interest expenses as well as the absence of one-off proceeds, said the Reit's manager.

The decline in H2 performance can also be attributed to higher rental relief provided for tenants whose operations were affected by long periods of Covid-19 lockdowns during the year, particularly in H2, the manager noted.

[Scythian]

.
Probably Up lorry 3 years ago

I was at Raffles City Chongqing in May 2019 when still under construction then, came Wuhan virus.

https://youtu.be/vF87onz0B_4?t=7

[Scythian]

Han cheng very bad in China?  Cut DPU?

CapitaLand committed suicide in China

[winbig]

Di Di lo.. today another 4% . Was 1.27 about 10 days ago.. now 1.14 or lose 13 cts or 10%.  Thought China opened up,  everything will look bright for Capitaland China.  What happened?
Luck not buy yet.

Open up also need time to look bright mah. U thought magic meh. 

[Scythian]

News 4 January 2023

"New York-headquartered real estate giant Tishman Speyer has sold a 10-building office campus in China to Singapore’s CapitaLand Investment for 7.6 billion yuan ($1.1 billion; €1.04 billion), PERE can reveal.

Despite the transaction occurring during a heightened period of market uncertainty, the counterparties are not thought to have renegotiated on price from when they signed a memorandum of understanding about 12 months ago."