SUBSCRIBERS

Frasers Centrepoint Trust DPU up 0.5% in Q3

Published Wed, Jul 22, 2015 · 09:50 PM

Singapore

FRASERS Centrepoint Trust (FCT) on Wednesday posted a 0.5 per cent increase in distribution per unit (DPU) to 3.036 cents for its third quarter ended June 30, 2015 - compared to 3.022 cents paid out a year ago.

Distributable income for the quarter was S$26.9 million, 15 per cent higher than the same period last year. There is some S$0.5 million the trust has retained year-to-date, which it said it will distribute in Q4.

Gross revenue for the quarter rose 14.3 per cent year-on-year to S$47.1 million and net property income rose 12.8 per cent to S$32.9 million. This was thanks to the addition of Changi City Point last June. The mall contributed a full three months of performance this quarter, compared to just half a month's worth a year ago. Higher rental income from step-up rents o…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here