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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

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Causeway Point achieved an average 10.6 per cent increase in rents and accounted for 52.8 per cent of FCT's net property income during the quarter.

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.

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