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Fraser Centrepoint Trust reports 0.7% rise in 1Q DPU to 2.89 cents

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Fraser Centrepoint Trust reports 0.7% rise in 1Q DPU to 2.89 cents

PC Lee Published on Fri, Jan 20, 2017 / 8:50 PM GMT+8

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SINGAPORE (Jan 20): The manager of Fraser Centrepoint Trust has reported DPU for 1Q17 rose 0.7% to 2.89 cents from 2.87 cents a year ago.

Gross revenue for the Oct-Dec period was $44.1 million, down 6.4% y-o-y, due mainly to lower contribution from Northpoint which is undergoing asset enhancement initiative (AEI) works.

Causeway Point’s revenue rose 3.4% and accounted for about 48% of the total revenue.

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