FCT's Q2 DPU steady despite fall in portfolio occupancy

Singapore

DESPITE a fall in portfolio occupancy, mainly due to the asset enhancement initiative (AEI) at Northpoint, Frasers Centrepoint Trust (FCT) has maintained its second-quarter distribution per unit (DPU).

For the three months ended March 31, 2017, the mainboard-listed Reit announced on Tuesday that its DPU was 3.04 Singapore cents, against 3.039 Singapore cents for the previous corresponding quarter.