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FCT posts 0.7% rise in DPU for 1st quarter (Amended)

But net property income falls 5.7% to S$31.6m, mainly dragged by Northpoint

Published Fri, Jan 20, 2017 · 09:50 PM

Singapore

FRASERS Centrepoint Trust (FCT) reported a 0.7 per cent rise in distribution per unit (DPU) to 2.89 Singapore cents for the fiscal first quarter ended Dec 31, 2016, thanks to a higher proportion of management fees payable in units.

Gross revenue for the quarter slipped 6.4 per cent to S$44.08 million, mainly due to lower contribution from Northpoint which is undergoing renovation works.

Net property income slipped 5.7 per cent to S$31.64 million as the drop from Northpoint, Changi…

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