FCT posts 2.6% rise in second-quarter DPU
It reports overall growth in tenant sales and shopper traffic for its malls but warns of headwinds
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Singapore
RETAIL landlord Frasers Centrepoint Trust (FCT) warned of headwinds in the retail scene even as it reported on Friday a 2.6 per cent rise in distribution per unit (DPU) as well as overall growth in tenant sales and shopper traffic for its malls in the quarter ended March 31.
"The Singapore retail environment continues to be challenging," said Chew Tuan Chiong, CEO of the Reit manager Frasers Centrepoint Asset Management.
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