FCT's Q1 DPU rises 4.2% to 2.5 cents

FRASERS Centrepoint Trust has posted a distribution per unit of 2.5 cents for the first quarter ended December, an increase of 4.2 per cent from a year earlier.

Income available for distribution rose 4 per cent to $22.7 million. Taking into account cash retained ($2.087 million), this translates into distributable income of $20.6 million, a 4.3 per cent year-on-year increase.

For the quarter under review, net…