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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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DR CHEW: The CEO of FCT believes suburban retail malls, particularly for the well-located ones, will stay resilient.

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.