Frasers Centrepoint Trust posts steady 3Q DPU of 3.04 cents

SINGAPORE (July 15): Frasers Centrepoint Trust (FCT) is declaring a distribution per unit (DPU) of 3.04 cents for the 3Q16 ended June, up 0.1% from the same quarter a year ago.

This brings the total DPU for the 9 months ended June to 8.949 cents, which is 2.3% higher than the same period a year ago.

Gross revenue for 3Q was $45 million, which was 4.4% lower compared with the year ago period. Property expenses for the quarter was 2.6% lower at $13.9 million.

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