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FCT posts 3.8% growth in Q1 DPU; it's still eyeing acquisitions

Singapore

RETAIL landlord Frasers Centrepoint Trust (FCT) reported a 3.8 per cent year-on-year rise in distribution per unit (DPU) to three Singapore cents for the fiscal first quarter ended Dec 31, 2017.

Gross revenue for the period rose 8.7 per cent to S$47.9 million and net property income grew 9.1 per cent to S$34.5 million, thanks to higher rental revenue and higher occupancy upon the completion of an asset enhancement initiative (AEI) at Northpoint City North Wing.

The integration of Northpoint...

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