Capitaland Commercial Trust had released their 1Q2020 financial results on 29th April 2020. Gross revenue increased by 3.8% to S$103.6 million. This was largely attributed to contributions from Main Airport Center which was acquired in September 2019 as well as higher revenue at 21 Collyer Quay, Gallileo and CapitaGreen. Property operating expenses increased by 16.6% from S$20 million in 1Q2019 to S$23.3 million in 1Q2020. This was due to the addition of Main Airport Center and Bugis Village’s rental payable under the master lease with SLA. Similar to other REITs, Capitaland Commercial Trust is also retaining capital due to uncertainty caused by the COVID-19 pandemic. This had caused the distributable amount to decrease by 23% as compared to 1Q2019. A Distribution Per Unit (“DPU”) of 1.65 cents was declared. This is a decline of 25% as compared to 2.20 cents paid out in 1Q2019. 1Q2020 Financial...