Frasers Centrepoint Trust posts 2.6% rise in DPU to 2.41 cents

SINGAPORE (July 22): Frasers Centrepoint Trust (FCT) posted a 2.6% rise in distribution per unit (DPU) of 2.41 cents for the 3Q16 ended June compared to 2.35 cents in the same period of last year.          

Gross revenue for 3Q16 rose 11.1% to $38.6 million, while second quarter net property income came in at $28.1 million, an increase of 15.6% from a year ago.

This was mainly attributable to better performance of Alexandra Technopark as a result of higher rentals coupled with lower utilities, repair and maintenance and painting expenses for Caroline Chisholm Centre and the contribution from 357 Collins Street. The increase was partially reduced by the weaker Australian dollar.

---

Related Stories

• FCT reports FY2024 DPU of 12.042 cents in ‘eventful year’
• Better macro and interest environment to encourage allocations into S-REITs in 2HFY2024, DBS names top picks
• FCT reports portfolio occupancy of 99.7% for 3QFY2024

---