Croesus retail trust has another quarter of DPU which is higher than its forecast. Final DPU is 5.24cents which will be payable in march. This is good news for shareholders of this trust. I've initiated a long position in November last year at a price of 0.875. After the announcement of good earnings, the stock price closed at 0.915 today. Another good news for shareholders.



Fundamentals wise, this trust remains strong and outlook remains positive. They have 4 shopping malls under them and all have approximately 100% occupancy rate. 100% of their total debt has been swapped to fixed rate which will minimize their risk in case of interest rates spikes. At least 80% of their debt has also been hedged against currency fluctuations. Gearing ratio is currently at 41.8% and they have also issued S$100million of fixed rate notes to ......