Frasers Commercial Trust's Q2 DPU dips to 2.4 Singapore cents

Singapore

FRASERS Commercial Trust (FCOT) has posted a distribution per unit (DPU) of 2.40 Singapore cents for the three months ended March 31 - the second quarter of its financial year - down 4.4 per cent from 2.51 Singapore cents a year before.

Gross revenue for the quarter fell 18 per cent year-on-year to S$33 million, while net property income (NPI) fell 25.3 per cent to S$22.4 million.