FCT's DPU for Q417 climbs to 2.97 cents

Singapore

FY2018 is expected to be a more stable financial year for Frasers Centrepoint Trust (FCT) thanks to positive rental reversions achieved during FY17 and a rejuvenated Northpoint City North Wing (NPNW).

Amid a slower retail environment, FCT nonetheless reported a 5.5 per cent increase year on year in distribution per unit (DPU) to 2.97 Singapore cents.

While the general retail sector continues to grapple with structural challe…