FCT's fourth-quarter DPU falls 6.5%

Singapore

FRASERS Centrepoint Trust (FCT) posted a 17.5 per cent increase in income available for distribution for its fiscal fourth quarter as it reaped contributions from the newly acquired Changi City Point mall.

The retail real estate investment trust (Reit) said income available for distribution rose to S$25.5 million over the three months to Sept 30, in line with its own forecast. All of that will be paid out to unitholders. The per-unit distribution of 2.785 Singapore cents, of which 2.711 cents is taxable and 0.074 cent is exempt, represents a 6.5 per cent decrease from the year-ago payout of 2.98 cents.