Frasers Commercial Trust

FRASERS Commercial Trust (FCOT) is maintaining a distribution of 2.4 Singapore cents per unit for its second quarter amid lower occupancy and higher property tax at Alexandra Technopark. The second quarter's DPU (distribution per unit) included an advanced distribution of 0.8 Singapore cent per unit for the month of January 2018, which was paid on March 12.

Distribution to unitholders for the quarter ended March 31 rose 5.2 per cent to S$21.7 million. Gross revenue dipped 7.9 per cent to S$30.4 million from S$33 million a year ago. Net property income was S$20.1 million, down 10.5 per cent from S$22.4 million a year ago.