Frasers Centrepoint Trust DPU up 0.5% in Q3
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…
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