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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 challenges, such as the growing popularity of e-commerce, "FCT's well-located...

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